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Amending the Notional Interest Deduction (NID) Law
Date: 16/07/2020
Author: Costas Michail
Dear Clients and Associates, The Cyprus NID framework has recently been amended mainly by: (a) removing the Cyprus ’safe harbour’, (b) replacing the 3% premium with a 5% premium, and (c) clarifying certain aspects on which the NID law (the “Law”) was hitherto silent
The Legal 500 Country Comparative Guides Cyprus: Banking & Finance
Date: 12/06/2020
Legal 500 Litigation Guide
Date: 07/06/2019
The Legal 500 & The In-House Lawyer
Comparative Legal Guide
Cyprus: Litigation (2nd Edition)
This country-specific Q&A provides an overview of
Litigation that may occur in Cyprus.
This Q&A is part of the global guide to Litigation. For
a full list of jurisdictional Q&As
visit http://www.inhouselawyer.co.uk/practice-areas/li
Published June 2019
Date: 18/04/2019
The UK has long been one of the leading shipping hubs, this role having been enhanced by its European Union membership and influence over its organs. However, since the 2017 referendum and impending exit (Brexit), with or without an agreement, the focus has turned on other EU alternatives. One of these is Cyprus, a nation with naval tradition going back millennia.
Tax News Letter – Snapshot on Cyprus: The Anti Tax Avoidance Directive
Date: 17/04/2019

Cyprus has recently incorporated in its laws the anti tax avoidance measures contained in the EU Directive on Anti-Tax Avoidance 2016/1164 (ATAD) with retroactive effect (as of 1st January 2019)(ATAD Law).

Cyprus National Health System ( Cyprus NHS)
Date: 16/04/2019

The much awaited and debated Cyprus National Health System (NHS) will commence operations later this year while the relevant contributions (taxation to finance the NHS) commence as of 01 March 2019 (‘NHS Contribution’). The NHS Contribution is calculated on the amount of income streams earned by (i) a Cyprus tax resident physical person (irrespective if he is classified as non-domiciled or not), or (ii) a non-Cyprus tax resident person on designated Cyprus source income.

Transposing the Anti Tax Avoidance Directive
Date: 16/04/2019
The Cyprus Parliament passed the proposed legislation transposing into Cyprus law the EU Directive on Anti-Tax Avoidance 2016/1164 (ATAD) with retroactive effect (1st January 2019)(“ATAD Law”).
Banking & Finance (2nd edition)
Date: 19/03/2019
Author: The In-House Lawyer (ihl)

The aim of this guide is to provide its readers with a pragmatic overview of the law and practice of banking and finance law across a variety of jurisdictions.

Legal Disclaimer. The information and opinions within this website are for information purposes only. They are not intended to constitute legal or other professional advice, and should not be relied or treated as a substitute for specific advice relevant to particular circumstances.


Extending the deadline for submission of personal income tax returns and final tax payment for 2017
Date: 21/06/2018
Interpretation of article 5(2)(f) governing debit balances between a Company and non Cyprus tax resident physical person
Date: 21/06/2018
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SCORDIS, PAPAPETROU & Co LLC is a Lawyers’ Limited Liability Company (Reg. No. 221102) regulated by the Cyprus Law Council and the Cyprus Bar Association (Reg. No. 003), Reg. Off. at 30 Karpenisi Street, 1077 Nicosia, Cyprus.