Ponieważ obecna sytuacja zmusiła rządy do podjęcia bezprecedensowych środków (ograniczenia w podróżowaniu, kwarantanna itp.), pojawiają się problemy dotyczące interpretowania skutków podatkowych w razie nieplanowanego czy też przedłużonego pobytu w danym …
Last week the Tax Department issued a Circular along with the Implementing Instructions[1] on the application of the provisions on tax residence and permanent establishment in the context of the …
Compulsory submission of tax returns Up until 2019, individuals with gross taxable income not exceeding €19.500, were not required to submit a tax return in Cyprus. From tax year 2020 …
As a general rule, individuals who spend at least 183 days per calendar year in Cyprus are considered Cyprus tax residents. However, according to the “60-day rule” introduced in 2017, …
In April we informed on our blog about the planned changes to the Double Tax Treaty between Russia and Cyprus. After months of tensions between the governments and threads of …
Cyprus has a system of self-assessment for corporation tax. All Cyprus tax resident companies have to pay provisional tax based on the estimated current year’s profits (2020) in two instalments: …
Protect your assets and save your taxes with us The outbreak of pandemic Covid-19 all over the world has disturbed the political, social, economic and financial structures. Many businesses were unable …
As per the announcement of the president of Russia on 25 March 2020, the withholding tax rate on dividends and interests paid to bank accounts outside Russia will be 15%. …
We would like to inform about certain actions implemented by the Cyprus Government in order to support the country’s economy, as a consequence of the unprecedented events of the pandemic. The increased contributions …
As per the National Health System Law of 2001 89(I)/2001 and as amended in 2017, a national health system was introduced in Cyprus aiming to provide to the population equal …
On February 7th we officially opened our new office in Tallinn, Estonia, licensed by the Financial Intelligence Unit in Estonia to provide fiduciary services. For those who did not participate …
New regulations in key offshore jurisdictions including the British Virgin Islands, Cayman Islands, Bermuda, Guernsey, Jersey and Isle of Man, Marshall Islands came into force at the beginning of 2019 …
Below is the list of charges that will be in force on 18 December 2019 in case of late registration. FOR COMPANIES 1. Transfer of Shares: Any transfer …
In regard to certain structural changes that are currently taking place on the Cyprus Banking sector, that also affect the status of your company/ies that hold bank accounts in Cyprus. …
Annual Levy of EUR 350.00 – companies registered in Cyprus Please be informed that as per the Article 391 of the Companies law (as amended Law No. 6(I)/2013), it is …
Despite its very favourable tax regime, Cyprus has successfully avoided being implicated as a tax heaven and maintains its place among the lawful jurisdictions for business development. Nevertheless, the Cypriot …
We would like to inform our clients about the increase in Social Insurance Funds and the implementation of the new National Health Insurance System (NHIS). Social Insurance Contributions Increase As …
On Friday, May 25th, the new EU regulation for personal data processing takes effect. Personal data relates to any type of personal information that can be used to establish an …
