GMNI is a well-established international association of quality professional accounting firms. Our members are independently owned and managed. They share a commitment to service the needs of their clients - from start-ups to fast growing businesses - worldwide. Working together for more than 40 years to provide global knowledge from a local perspective.
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With Summer well underway, you may have hit the pause button on thinking aobout your taxes. Yet the half-year mark is a criticl time to hit resume and spend some time thinking about next year's filing season. Some simple midyear planning can save you time and money and here are some ideas to consider.
On 26 July 2022 an amending law was published in the Gazette with respect to income tax exemptions for employment income, as provided in Cyprus Income Tax Law. The amending law was voted in the context of the Government's strategy to attract and retain foreign talent to Cyprus. [Read More]
To try to attract new investments and businesses in Cyprus, an enhanced tax deduction for Research & Development expenses was incorporated into Cyprus Income Tax Law and is effective from 20 July 2022. This development is one of the tax incentives included in the Action Plan announced back in October 2021. [Find out more]
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