Company News

02/01/14 - Tax changes
New measures to enhance public finances, that have already been passed into legislation, will be implemented in January 2014.
02/09/13 - Restrictive measures
On Friday 30 August 2013 the Minister of Finance issued the 20th Decree for Restrictive Measures on Bank Transactions and the 11thDecree on International Banks extending the respective 19th and 10th  decrees for a period of 28 days.
31/07/13 - Bank of Cyprus recapitalisation
On 30 July 2013 the Ministry of Finance and the Central Bank of Cyprus announced officially the recapitalisation of Bank of Cyprus and its exit from resolution by the conversion of 47,5% of the unsecured deposits into shares
30/04/13 - Tax Amendments April 2013

On 29 April 2013 amendments to the tax Laws of Cyprus, with more notable the increase in the corporation tax from 10% to 12,5% were published inhe Government Gazette.

14/01/13 - Increase in the standard rate of VAT

From 14 January 2013 the standard rate of VAT of Cyprus increased from 17% to 18%.