Mandatory Electronic Payment of Rent in Cyprus Effective 1 July 2026
We would like to inform you that, according to the latest official announcement issued by the Cyprus Tax Department and pursuant to Article 48A of the Assessment and Collection of…
DAC8 and CARF
The era in which digital assets operated with limited regulatory oversight is rapidly coming to an end. The introduction of DAC8 and the Crypto-Asset Reporting Framework (CARF) marks a significant…
Cyprus Relocation – Key Tax Benefits for Individuals
Cyprus Tax ResidencyAn individual is considered a Cyprus tax resident if they meet either of the following:183-day rule: If an individual is physically present in Cyprus for more than 183…
New Simplified VAT Scheme for Small and Medium-Sized Enterprises (SMEs) in the EU
We would like to inform you of significant changes to the European Union’s VAT regime, which have now come into effect. The new rules are designed to substantially reduce administrative…
Cyprus Tax Reform Effective 01 January 2026
On 22 December 2025, following an extensive public consultation process, the House of Representatives enacted the legislative provisions comprising the Cyprus Tax Reform. The reform introduces amendments, all of which…
Cyprus Intellectual Property Regime
The Cyprus Intellectual Property (IP) regime provides for an 80% exemption on qualifying profits derived from the use of qualifying intangible assets, resulting in an effective taxation of only 20%…
UAE Electronic Invoicing (e-Invoicing) Framework – Key Developments
The UAE Ministry of Finance has issued the Electronic Invoicing Guidelines on 23 February 2026 setting out the framework for the upcoming nationwide e-invoicing system. This initiative forms part of…
New VAT Rules in the UAE (Effective 1 January 2026)
We would like to inform you of important updates to the Value Added Tax (VAT) framework in the United Arab Emirates, which came into effect on 1 January 2026. These…
Transfer Pricing thresholds in Cyprus
In December 2025, the House of Representatives approved amendments to the Income Tax Law of 2002 (as amended) (the “ITL”) as part of the tax reform initiative. The amendments were…
