Law no. 239/2025, published in the Official Journal no. 1160/15.12.2025, part of the “Package 2” of fiscal‑budgetary reforms, introduces major changes in taxation, public administration and insolvency procedures, aiming to reduce tax evasion and enhance resource efficiency. The majority of provisions enter into force starting 1 January 2026. Key provisions applicable from 1 January 2026…
Baker Tilly South East Europe is pleased to announce the appointment of Marios Tsiakkis as a Non-Executive Director to the regional Board. Marios brings more than 35 years of leadership experience, most recently serving as Secretary General of the Cyprus Chamber of Commerce and Industry (Keve), where he played a central role in shaping economic…
On 12 December 2025, EU Member States reached agreement on a major reform of the EU’s customs treatment of e-commerce parcels. From 1 July 2026, all goods entering the EU with a value of €150 or less will be subject to a flat €3 customs duty per item. This represents one of the most significant…
Career Opportunity On behalf of a client, an established organization in Cyprus offering training and development schemes, we invite applications from hard-working and ambitious professionals to apply for the position of Learning & Development Training Inspector in Ammochostos. Duties and Responsibilities Carry out on site and remote inspections of training programs. Monitor and assess the…
Following recent amendments to the Aliens and Immigration Law, the Cyprus Migration Department has announced that the Blue Card scheme will officially take effect on Monday, 7 July 2025. CY-Tax-Alert-Issue-5-2025-Blue-Card-Scheme-Activated
Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. Eurozone inflation has reached joint-lowest point since April 2021. Disinflationary trend caused by lack of demand in economy. Monetary policy to remain stable, reducing uncertainty for businesses. Eurozone inflation dropped to 1.7% in January, below the European Central Bank’s medium-term target…
Career Opportunity On behalf Mercure Larnaca City Hotel, a brand new 4* boutique hotel operated by Solaar Hospitality, we seek to recruit Kitchen Cooks. There is the possibility to work full-time or part-time, as well as all year round or seasonal employment. Mercure City Hotel is a contemporary hotel nestled in the heart of Larnaca.…
Career Opportunity On behalf Mercure Larnaca City Hotel, a brand new 4* boutique hotel operated by Solaar Hospitality, we seek to recruit Kitchen cleaners. There is the possibility to work full-time or part-time, as well as all year round or seasonal employment. Mercure City Hotel is a contemporary hotel nestled in the heart of Larnaca.…
Three important EU laws that we should look out for in 2024 Article by: Constantinos Michael, Director – Legal Services , Baker Tilly South East Europe Considering that 2023 was the “year of AI”, it seems now that 2024 is already moving to be quite similar. There is great hype about envisaged and proposed legislation…