Jowita Jablonska

During the period from 1st October to 31st December of each calendar year, every entity in Cyprus must confirm electronically its beneficial owners. The Department of Registrar of Companies and …

Jowita Jablonska

The Cyprus Tax Department issued Circular 4/2024 in July 2024, regarding the exemption from income tax of 50% of the remuneration from employment exercised in Cyprus, as per the amended …

Jowita Jablonska

On 11 July 2024 the Cypriot Parliament approved a new law regarding the implementation of the EU framework for Blue Cards – a work and residence permit for highly qualified …

Jowita Jablonska

Provisional tax in Cyprus is a system of advance tax payments. It is designed to ensure that taxpayers pay a portion of their expected annual tax liability throughout the year. …

Jowita Jablonska

The submission of the income tax returns for individuals in Cyprus (form IR1) for the year 2023 is now available via TaxisNet portal. The deadline for submitting tax returns and …

Jowita Jablonska

In December 2021, the European Commission published the first proposal for the Anti-Tax Avoidance Directive 3 (ATAD 3). Its goal is to tackle the abuse of companies that do not …

Jowita Jablonska

As of November 1, 2023, the Trust Company of the Marshall Islands has implemented a penalty fee of USD 500 for entities failing to adhere to Economic Substance Reporting (ESR). …

Jowita Jablonska

The United Arab Emirates is no longer a zero-tax jurisdiction. We were informing about this major shift in our article, back in June 2023: https://ibccs.tax/announcement/uae-corporate-tax/ Certain exemptions apply, however many …

Jowita Jablonska

We are highlighting 10 changes in laws and regulations that came into force this year or are expected soon.   1. Introduction of 15% Global Minimum Tax At the end …

Jowita Jablonska

Transfer pricing is a very important and current topic in tax planning – effective as from January 2022 in Cyprus, with some amendments that have just been announced by the …