Newsletters


March
2021

We would like to inform you that on the 26th of February 2021, the Tax Department announced that no administrative fines will be imposed for the overdue submission of DAC6 information that are submitted by 30th of June 2021.

March
2021

We would like to inform you that on the 3rd of February 2021, the Tax Department announced that the Directive of the Council of EU on mandatory disclosure and exchange of information on cross-border arrangements (DAC 6) is expected to be incorporated within the current month into the Cyprus legislation.

March
2021

We would like to inform you that on the 3 rd of February 2021, the Tax Department announced that the Directive of the Council of EU on mandatory disclosure and exchange of information on cross-border arrangements (DAC 6) is expected to be incorporated within the current month into the Cyprus legislation.

March
2021

The Cyprus Securities and Exchange Commission ("CySEC") wishes to inform the issuers whose securities are admitted to trading on a regulated market of the Cyprus Stock Exchange or on other regulated market (the "issuers"), that the issuers whose home member state according to the Transparency Requirements (Securities admitted to trading on a regulated market) Law of 2007, as amended ("Transparency Law") is the Republic of Cyprus, may apply the requirement for preparation of their annual financial reports in accordance with ESEF for the financial years beginning on or after 1 January 2021.

February
2021

The European Banking Authority ("EBA") published its final draft Implementing Technical Standards ("ITS") on the disclosure of indicators of global systemically important institutions ("G-SIIs").

February
2021

The Cyprus Securities and Exchange Commission ("the CySEC") wishes with the present, which is issued pursuant to paragraph 37A of CySEC’s Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing ("the AML/CFT Directive"), to inform all interested parties; that due to the developments related to the Coronavirus disease 2019 (COVID-19) the deadlines for the submission to CySEC of the 1) Internal Auditor’s Annual Report, 2) AMLCO’s Annual Report and the 3) Form of the Monthly Prevention Statement provided in the AML/CFT Directive are extended.

February
2021

With the entry into force of the Investment Firms Regulation (EU) 2019/2033 ("IFR") and Investment Firms Directive (EU) 2019/2034 ("IFD") on 26 June 2021, all Cyprus Investment Firms ("CIFs") authorised under the Investment Services and Activities and Regulated Markets Law of 2017 will be subject to a new prudential regime, different and independent from the Regulation EU No. 575/2013 ("CRR") and Directive DI144-2014-14 which are applicable.

February
2021

The European Insurance and Occupational Pensions Authority ("EIOPA") published the second paper in a series of papers on the methodological principles of insurance stress testing.

January
2021

The Cyprus Securities and Exchange Commission (the “CySEC”) hereby draws the attention of the Cyprus Investment Firms (the “CIFs”) to the CNMV’s public statement, regarding certain bad practices in cross-border marketing of investment services by Investment Firms located in other EU countries (the “IFs”).

January
2021

We would like to inform you that on the 3 rd of December 2020, the House of Representatives has voted for an amendment of article 8(21) of the Income Tax Law.

Publications


MARCH DIRECT TAXATION Newsletter - Issue 04/2021
We would like to inform you that on the 26th of February 2021, the Tax Department announced that no administrative...
01 March 2021
FEBRUARY DIRECT TAXATION Newsletter - Issue 03/2021
We would like to inform you that on the 3rd of February 2021, the Tax Department announced that the Directive...
01 March 2021
FEBRUARY DIRECT TAXATION Newsletter - Issue 03/2021
We would like to inform you that on the 3 rd of February 2021, the Tax Department announced that the...
01 March 2021
FEBRUARY ICAS Newsletter - Issue 08/2021
The Cyprus Securities and Exchange Commission ("CySEC") wishes to inform the issuers whose securities are admitted to trading on a...
01 March 2021
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