Latest News & Insights

Corporate & Trust Lawyer position

Our firm is seeking to recruit a semi-experienced Corporate / Trust Lawyer, to join our friendly Limassol Corporate practice, where we believe in building and maintaining high valued long term relationships with our clients. The...
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2nd Instalment of temporary tax for the year 2022 due by the 31st of December 2022

The submissions should be completed using the following guidelines: Submission of a revised upward Temporary Tax return for the year 2022 to be completed by the 31st of December 2022. If the Taxpayer will proceed...
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0.4 % levied on all sales of immovable property

On the 22nd of February 2021, the House of Representatives passed a law levying a 0.4%  tax on all sales of immovable property, the proceeds of which to go toward supporting Greek Cypriot refugees. The...
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Extension of the submission date of the 2020 Income Tax Returns

On the 24 th of March 2022 the Parliament of Cyprus has voted a 4 month extension to the deadline for the submission of the 2020 Income Tax Returns (Form TD 4) for Companies and...
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DAC 6 – EU Mandatory Reporting of Cross-Border Transactions for Taxpayers and Intermediaries

In order to accommodate new initiatives in the field of tax transparency at the level of EU, the EU Council adopted on the 25th of May 2018 the Directive 2018/822/EU on Administrative Cooperation in Tax...
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COVID-19 Outbreak: Tax and VAT Relief Measures

Wealthmore would like to inform of the following special measures announced by the Cyprus Government in order to support the country’s economy affected by the Coronavirus outbreak: I. Tax measures A two-month extension of the...
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COVID-19: Special Relief Measures from the Registrar of Companies

In the context of the measures taken by the government to support companies and businesses affected by the restrictive anti-COVID-19 measures, the Department of Registrar of Companies announces as follows: I. Suspension of de-listing procedures:...
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Refund on GHS contributions

On 7 February 2020, the Health Insurance Organization (“HIO”) in exercising the powers conferred to it by the General Health System Legislation (“The Law”) has issued instructions in relation to refunds on GHS Contributions. These...
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Cyprus International Trust – Information and use

Over the past twenty years, Cyprus has developed into one of the most favourable places for international business. The key factors are the low tax regime, its ability to offer sophisticated planning structures, its effectiveness...
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Coronavirus (Covid 19): Wealthmore Statement

Wealthmore continues to monitor developments as they unfold, with focus given to the advice issued by national and local governments and the World Health Organisation. We have well-developed business continuity plans in place that will...
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