European Union: Sales Taxes: VAT, GST

Purchasing property in Cyprus requires navigating complex legal procedures, regulatory requirements, and due diligence checks that protect both buyers and sellers. Understanding the conveyancing process, from initial contract preparation through title deed transfer, helps international investors and property buyers avoid common pitfalls including undisclosed mortgages, planning irregularities, and delayed title deeds.

Cyprus holding companies provide a highly tax-efficient structure for international investments structures. The jurisdiction combines an extensive participation exemption regime with zero withholding taxes on profit repatriation fully aligned with EU, OECD and BEPS regulations.

Italy's Revenue Agency has issued Resolution No. 7/2026, fundamentally reshaping the VAT treatment of transaction costs in merger leveraged buy-out structures. The ruling addresses whether special purpose vehicles qualify as taxable persons and whether acquisition-related expenses can be classified as deductible preparatory costs, marking a significant departure from previous formalistic interpretations that focused narrowly on shareholding activities.

Revenue confirmed on 10 February 2026 that companies who deal with Revenue’s Large Cases Division and have an establishment in Ireland will be considered within scope for Phase One of Ireland’s VAT Modernisation programme. Therefore they will be subject to the first phase of implementation for mandatory eInvoicing and real-time reporting for domestic transactions from 1 November 2028.

The High Court decision in Hamill v the Revenue Commissioners examines when taxpayers can invoke EU Charter protections in Irish tax disputes, particularly regarding fair procedures and access to information during VAT assessments.

European automotive suppliers are preparing the fiscal year 2025 corporate income tax returns against a sector that no longer matches the assumptions underlying their existing tax positions.

Yacht seizure in Italy due to VAT non-compliance can lead to serious legal and financial consequences. Learn how to avoid Italian customs yacht seizure and protect your vessel with expert maritime legal assistance.

Yacht seizure in Italy? Get expert legal help to release your yacht, handle VAT issues, and deal with Italian customs and authorities fast.

Cyprus yacht registration involves more than simple filing procedures, requiring careful attention to ownership eligibility, registration types, prior registry status, and supporting documentation.