Regulation Archives - IBCCS TAX LTD

Jak obostrzenia związane z pandemią wpływają na regulacje dotyczące rezydencji podatkowej na Cyprze?

Announcement, Companies, Cyprus, Regulation, Residency, Taxation, Uncategorized / Listopad 13, 2020 Listopad 13, 2020

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 kraju. Zwłaszcza osoby, które spotkał „lockdown” w kraju, który nie jest ich krajem rezydencji (w tym podatkowej), np. na Cyprze, czy w Polsce, mogą mieć …

Jak obostrzenia związane z pandemią wpływają na regulacje dotyczące rezydencji podatkowej na Cyprze? Read More »

Impact of COVID-19 measures on the tax residence status in Cyprus

Announcement, Companies, Cyprus, Regulation, Residency, Taxation / Listopad 6, 2020 Listopad 6, 2020

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 circumstances of the pandemic. Cyprus is following the guidance called “Analysis of Tax Treaties and the Impact of the COVID-19 Crisis” issued by OECD in …

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CYPRUS: PROVISIONAL TAX 2020

Companies, Cyprus, Regulation, Taxation / Czerwiec 11, 2020 Czerwiec 11, 2020

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: 1st instalment: 31 July 2020; 2nd instalment: 31 December 2020. Therefore, we would like to remind our clients and associates about the upcoming deadline for …

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Tax and VAT measures of the Cyprus Government

Announcement, Companies, Cyprus, Regulation, Taxation / Kwiecień 2, 2020 Kwiecień 3, 2020

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 to the General Health Scheme (GHS) will not be applied for April, May and June as originally planned. Extension of the deadline submission of the …

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General Healthcare System (GHS) Contribution Increase

Announcement, Cyprus, Regulation / Marzec 11, 2020 Marzec 11, 2020

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 access to a holistic health care system. Contributions to the GHS are deductible from the employer’s taxable income and of the individuals’ taxable income. The …

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ECONOMIC SUBSTANCE REGULATIONS

Announcement, Companies, Regulation / Listopad 5, 2019 Listopad 7, 2019

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 which require entities carrying on specific types of business to demonstrate adequate economic substance in that jurisdiction, with reporting requirements commencing in 2020. The rules …

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