Miesiąc: sierpień 2022

Cyprus Tax Incentives 2022 IBCCS TAX International Tax Planning

New Tax Incentives for first employment in Cyprus

On 26.07.2022, new amending provisions under Articles 8(21) and 8(23) of the Income Tax Law have been published in the Official Gazette of the Republic of Cyprus, which establish 50% tax exemption for the first employment income under certain conditions: Prior to the commencement of employment in Cyprus, the employee should not be a tax …

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IBCCS TAX Cyprus Financial Statement review instead of Audit 2022

The Companies Amending Law 88/1 of 2022 announces the review instead of audit of financial statements for some companies

On 24.06.2022 the Official Gazette of Cyprus has published the introduction of amendments to the Companies Law regarding the requirement of audit or review financial statements of the companies by virtue of the Companies Amending Law 88/1 of 2022.  The aim of such changes is to simplify the process of auditing financial statements of small …

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