Cyprus Tightens Transfer Pricing Documentation Rules: A New Compliance Era Begins
Cyprus has taken a major step toward aligning with OECD and EU tax governance standards by refining and strengthening its Transfer Pricing (TP) framework. The latest guidance, effective from July 2025, significantly raises the bar for documentation and compliance requirements, signalling a shift toward a more rigorous approach to intercompany pricing and audit readiness. As […]
Is Luxembourg Losing Its Edge? Why More Groups Are Looking to Cyprus for EU Holding Structures
The tax planning environment in Europe is evolving rapidly. Long considered a cornerstone of EU holding and financing structures, Luxembourg is now facing unprecedented legal and political scrutiny—prompting many multinationals, family offices, and private investors to reconsider its long-term viability as a structuring hub. Recent developments, including high-profile CJEU rulings, increasing EU Commission pressure, and […]
Cryptocurrency Taxation in Cyprus: 2025 Regulatory Update and Planning Insights
Cyprus continues to evolve as a forward-looking jurisdiction for fintech, blockchain projects, and high-net-worth crypto investors. While the country remains competitive for crypto structuring, the tax landscape in 2025 has become more defined, with proposed reforms, EU reporting rules, and global transparency standards pushing Cyprus toward greater clarity and alignment with OECD practices. As of […]
The Caribbean CBI Crackdown: Why It’s the Beginning of the End—and Why Cyprus Offers a Safer, Smarter Alternative
The Caribbean Citizenship by Investment (CBI) model, long touted for its speed and simplicity, is undergoing a fundamental transformation. With Saint Kitts & Nevis now leading a regional push for mandatory physical residency and civic integration requirements, what was once a passport-for-cash product is being reshaped into a long, conditional process. The shift is not […]
Cyprus Reconsiders EU Green Taxes – Balancing Sustainability and Economic Stability
Introduction As Europe pushes forward with ambitious sustainability goals, including the EU Green Deal and the Recovery and Resilience Facility (RRF), member states face growing pressure to implement environmental taxes. Cyprus, however, is taking a cautious approach. In mid-May 2025, President Nikos Christodoulides announced Cyprus’ intention to postpone or limit the introduction of new green […]
Cyprus Sharpens Tax Rules – How New Measures on Low-Tax and Blacklisted Jurisdictions Impact International Business
Introduction In an era where global tax compliance is tightening, Cyprus is stepping up to align its domestic tax framework with international standards. On April 10, 2025, the House of Representatives approved a series of tax amendments designed to curb tax avoidance, particularly through transactions involving low-tax jurisdictions (LTJs) and EU blacklisted jurisdictions (BLJs). These […]
Looking to Set Up a Low — or Even Zero — Tax Trading Structure? It’s Still Possible… If Done Correctly.
As global tax rules tighten and anti-abuse scrutiny rises, many advisers will tell you that international low-tax trading structures are a thing of the past. They aren’t. But success today depends on one factor above all others: implementation. At Savva & Associates, we are not just international tax specialists advising on jurisdiction selection and structuring. […]
Cyprus Tax Reform: ICPAC’s 14 Proposals and What They Could Mean for Strategic Planning
Cyprus is once again at the forefront of tax innovation, as the country’s leading accounting body has submitted a comprehensive set of proposals aimed at modernizing the nation’s tax system. The Institute of Certified Public Accountants of Cyprus (ICPAC) has recently proposed 14 targeted measures aimed at refining the nation’s tax system. These suggestions are […]
Caribbean Citizenship Programs Under Fire: Why Smart Investors Are Turning to the EU
As global uncertainty rises and international scrutiny of citizenship by investment (CBI) programs intensifies, high-net-worth individuals are beginning to reassess their options. One of the clearest signs of this shift came recently when U.S. Senator Marco Rubio visited Antigua and Barbuda and reportedly voiced strong concerns over the country’s CBI program. His criticisms, which focused […]
The Crypto-Asset Reporting Framework (CARF): A Comprehensive Compliance Guide for Cyprus Businesses
Introduction: A Transformative Regulatory Shift The cryptocurrency sector is entering a new phase of regulatory maturity with the impending implementation of the OECD’s Crypto-Asset Reporting Framework (CARF). As Cyprus moves toward full adoption by 2026, businesses across financial services, technology, and digital asset sectors face comprehensive new compliance obligations that will fundamentally change how crypto […]