Introduction After a prolonged and eventful negotiation process between the European Commission and the Republic of Cyprus, the green light has been given to enforce revised requirements in the VAT law. These amendments primarily focus on the reduced VAT rate of 5% applicable to the acquisition and construction of primary and permanent residences in Cyprus.…

On 16th December 2022, a new law was published in the Official Gazette of the Republic of Cyprus, introducing significant changes to the country’s labor legislation. This law provides important rights to workers, including paternity leave, parental leave, caregiving leave, and absence from work due to force majeure. Additionally, flexible work arrangements are introduced to…