Yearly Archives: 2020

Limassol - Costas Tsielepis & Co Ltd has just released its all-new website at www.tsielepis.com.cy. The website was redesigned, rebranded and rewritten from the ground up. It features an all-new…

Moscow – The Netherlands disagrees with the Russian proposal to amend their tax treaty, as “it takes too limited account of real economic activities” the Russian News Agency (TASS) quoted…

25 August 2020 - Cyprus and Russia have agreed on an amendment of their 1998 tax treaty, earlier this month. The agreement was reached following negotiations between the two countries’…

Nicosia - Deposits and loans in the Cyprus banking system registered a net increase in June with total deposits amounting to €47.8 billion and total loans to €32.2 billion. Data…

Nicosia - Cyprus raised earlier this month €1 billion in a double European bond issue through the reopening of existing bonds maturing on 3 December 2024 and 21 January 2040.…

Nicosia - The Cyprus Tax Department launched in early July its much-awaited digital Tax Portal, putting an end to tax payments at local district offices on 1 September 2020. The…

Nicosia - President Nicos Anastasiades announced in a televised address last night a new set of economic measures to help businesses, the self-employed and employees soften the devastating financial effects…

Singapore - A Singapore University of Technology and Design study predicted that the Covid-19 virus will be eradicated in Cyprus in the second half of May. In a study published…

Value Added Tax (VAT) has been recruited by the Cyprus government to help curtail the adverse effects of the coronavirus pandemic on the local economy. In light of the grave…

Nicosia – The Cyprus government declared yesterday a state of emergency due to the coronavirus (Covid-19) pandemic and essentially locked down the country. In a press conference following day-long meetings…