We are pleased to announce that, effective from 2024, the annual fee of €350 for companies registered with the Cyprus Registrar of Companies and Official Receiver has been abolished. This have been approved by the House of Representatives on...
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31 January Submission of the Deemed Dividend Distribution declaration (IR623) and payment for the year 2021 31 March Electronic submission of 2022 corporate tax returns (IR4) Electronic submission of 2022 tax return (IR1) for individuals preparing audited financial statements...
We would like to remind you that the payment deadline for the 2nd provisional tax instalment for tax year 2023 is the 31st of December 2023. The following persons have an obligation to pay provisional tax, based on their expected...
We would like to remind you that the payment deadline for the 1st provisional tax instalment for tax year 2023 is the 31st of July 2023. The following persons have an obligation to pay provisional tax, based on their...
The Tax Department announced on 9 June 2023, that the deadline for the submission of the electronic Income Tax Return for employees, pensioners and self-employed individuals who do not prepare audited financial statements (Form T.D.1) for the year 2022...
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We would like to remind you that the payment deadline for the 2nd provisional tax instalment for tax year 2022 is the 31st of December 2022. The following persons have an obligation to pay provisional tax, based on their...
On the 31st of August 2022 the Council of Ministers issued the historic decree on minimum wage. As of the 1st of January 2023, the minimum salary for any full-time employees will be 940 Euros per month. However, for...
An extension to the deadline for the submission of an income declaration and the payment of self-taxation by natural persons, for 2021, was decided by the Council of Ministers on Thursday 28/7/2022. The deadline for the payment of the...
We would like to remind you that the payment deadline for the 1st provisional tax instalment for tax year 2022 is the 31st of July 2022. The following persons have an obligation to pay provisional tax, based on their...
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On 19 October 2021, the Ministry of Finance, issued Interpretive Circular no. 54 (“Circular”), which concern ofimposition of 10% additional taxfor employees with income other than employment income. The circular reference to the provisions of article 26 of the...
We would like to inform you that in accordance with a Decree issued on 24 September 2021, the new deadlines for the submission of the below tax returns are extended to 30 November 2021: Income Tax returns for Companies...
ERGANI Information System for Employers The Social Insurance Services announce that the following amendments to Social Insurance Regulations will come into force on 13 September 2021: 1. The application for registration of an employer should be submitted no later...
We would like to inform you that in accordance with the Decree issued on 30 July 2021, the deadline for the payment of the final tax due as per the income tax return for the tax year 2020 is...
We would like to inform you that the Income Tax Declaration for individuals (TD.1 form) for the tax year 2020, is made available to the Taxisnet system. Individuals whose gross annual income is below €19,500 are exempt from submitting...
Although the offshore companies do not require tax reporting, maintaining proper book records is still required. In addition, the new rules introduced by the OECD, FATF and other international organizations that regulate international taxation and anti-money laundering, offshore companies...
The Cyprus Registrar of Companies announced on 8 July 2021 that the deadline for payment of the Annual Levy for 2021 has been extended from 30 June 2021 to31 December 2021.
On June 1, 2021, announced that the Netherlands and Cyprus concluded a convention for the elimination of double taxation with respect to taxes on income and on capital and the prevention of tax evasion and avoidance (the Treaty). The...
Introduction As part of the overall effort to continuously improve and simplify the Cypriot tax system as well as to remain a highly compliant and attractive jurisdiction, various new bills were passed into new laws in July 2015. Amongst...
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