Sunday 24 Sep, 2017
11:25:32 EEST +0300

Interquick Ltd | Privacy Policy

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Archived News


Filings with the Registrar of Companies
Any companies who have outstanding filings regarding the annual returns and audited financial
statements up to 31 December 2016 will be striked off from the Register of Companies.


Double Tax Treaties
The following Double Tax Treaties have been signed by the Cyprus government and will become effective as follows:–

1. Switzerland (signed in 2014 – effective 1 January 2016)
2. Iran (signed in 2015 – effective 1 January 2016)
3. Guernsey (signed in 2014 – effective 1 January 2016)
4. Georgia (signed in 2015 – effective 1 January 2016)
5. Ethiopia (Signed in 2015 – effective 1 January 2017)


Common Reporting Standard (CRS)
In an effort to improve global tax transparency, the Cyprus government has adopted the standard of automatic exchange of information developed by the Organization for Economic Co-Operation and Development (OECD) known as Common Reporting Standard (CRS).

Starting from 1 January 2016, the Cyprus Tax Authorities require financial institutions to confirm their
clients' jurisdiction of tax residence and respective tax identification number.


FATCA (Foreign Account Tax compliance Act)
On 2 December 2014 the Republic of Cyprus has signed the FATCA Intergovernmental Agreement
with the United States of America which aims at fighting the tax evasion of persons who are tax liable in the USA and use bank accounts and investments in securities held outside the USA.


Capital controls
As from 6 April 2015 all capital controls and restrictions on the transfer of money by individuals or companies out of Cyprus have been lifted.


Annual Returns
All companies registered in Cyprus must file their annual returns with the Registrar of Companies
up to and inclusive the year 2013 immediately. Failure to do so will result to the striking off
the company from the register.


VAT Rate
The standard VAT rate is increased from 18% to 19% as from 13 January 2014.


Company Levy
It has been announced by the Cyprus Registrar of Companies that any company which is registered between 1 July 2013 and 30 June 2014 the annual fee payable is €350.


Website Launched
On 1st of June 2013, Interquick Limited launched a website in order to promote the
company's services as well as to provide easier access in finding information regarding the company
registration procedures and the tax advantages in Cyprus.

During the following months, Interquick Limited will continue to improve the website with additional
information as needed, improve the technical support offered and in general, the ease of use. These
and other potential improvements are a direct response to the feedback received from our high profile


Corporate Tax Rises
The rate of corporation tax has increased from 10% to 12,50% as from 1 January 2013.