Individual Income Tax Return Submission Obligation Individuals with gross income that falls under the criteria of Article 5 of the Income Tax Law (i.e., dividends, interest, and certain other income) …
Individual Income Tax Return Submission Obligation Individuals with gross income that falls under the criteria of Article 5 of the Income Tax Law (i.e., dividends, interest, and certain other income) …
130 countries and jurisdictions, representing more than 90% of global GDP, have agreed on 1st of July 2021 on a new two-pillar proposal to overhaul international tax regulations and ensure …
Cyprus companies are required to apply a temporary tax assessment / calculation of their 2021 chargeable income under the Cyprus Income Tax Law. The temporary tax assessment/estimation is due in …
Cyprus approved the first-time Double Tax Treaty (DTT) between Cyprus and the Netherlands on June 4, 2021, after it had been signed on June 1, 2021. The Official Gazette has …
We would like to bring to your attention that according to the Cyprus Company Law, Cap. 113 all Cyprus Companies are subject to an annual government levy of € 350 payable by …
The Cypriot government recently announced certain amendments to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, which became effective on the 24th of March 2021, in an …
New EU Crowdfunding Regulations will apply from 10th November 2021 to providers of two key types of crowdfunding: investment-based crowdfunding and peer-to-peer lending. The operations of crowdfunding platforms will be subject to pan-European rules due to Regulation …
With reference to our article, we would like to inform you that the Registrar of Companies (RoC) has announced on 12 March 2021 that the electronic service for registration of …
A mandatory contribution on Cyprus immovable property disposals was introduced through recently announced legislation, published in the Cyprus Government Gazette on the 22nd February 2021. Under the amendment, a levy of …
If you require a company with a few months or years existence already behind it, a “readymade” or “aged” company is for you. Our readymade and aged companies offer a …
New VAT Rules for cross-border e-Commerce take effect 1 July 2021. The new rules introduce certain provisions for persons facilitating supplies of goods or services using an electronic interface such as …
With the constant strengthening of AML regulation and enhancing transparency around the globe, the Cyprus Council of Ministers on 16/12/2020, have resolved to appoint the Registrar of Companies (RoC) as …
On 15 December 2020, an amending law was published in the Official Gazette of the Republic which relates to Article 8(21) of the Income Tax Law. The purpose of the …
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 …
