As previously proposed, the Cypriot VAT rate has been increased. As part of Cyprus’ financial bail-out the standard rate of VAT will increase by 1% to 18% from 1 January 2013. A further 1% increase is proposed from 1 January 2014, bringing the rate of VAT to 19%, and in line with mainland Europe. The increase due in 2014 will also be complimented by a similar increase to the reduced rate of VAT, a 1% increase to 9...

Now with offices in Cyprus JT Accountants now have offices situated in Cyprus. Cyprus – Taxation On becoming a permanent resident of Cyprus, you should notify the local income tax authorities to enrol as a Cypriot taxpayer. Any individual that resides in Cyprus for more than 183 days during the financial year is required to pay tax on any income generated within Cyprus or from overseas. Currently there are two ...