The Cyprus Ministry of Interior published recently the legal framework, information, and criteria for its new plan to attract foreign investments in Cyprus. This new plan aspires to fill the gap created in the Cyprus Economy after the abolition of…
The Cyprus Ministry of Labour published the support plans for the March period. The plans concern the period from March the 1st until March 31th, 2021. The last date for applications for participation in the March Special Plans is Wednesday,…
The Cyprus Ministry of Labour published the support plans for the February period. The plans concern the period from February the 1st until February 28th, 2021. The last date for applications for participation in the February Special Plans is Saturday…
The Cyprus House of Representatives voted earlier this month a law that imposes a 0.4% tax on all sales of immovable property. The collected funds will go into a central fund managed by the Central Agency for the Equal Distribution…
Recently the Government of Cyprus has taken additional steps to increase transparency in all transactions taking place in the country and fight money laundering. Cyprus aims to increase confidence in its legal and tax system and become a more desired…
The Cyprus Tax Department informs that VAT registered taxable entities who are not included in the categories defined in the Law (presented in detail in the attached List of Economic Activities), and have a payable VAT amount for the tax…
An amended double tax treaty between Cyprus and Egypt is in effect since the 1st of January of 2021. The updated treaty was signed in Cairo on 8 October 2019 and incorporates the latest international standards related to the exchange…
The Cyprus Ministry of Finance started the gradual payment of state sponsorship to companies and self-employed persons registered to VAT, to cover rents, loan installments, and other operating expenses. The grant process will be completed in early March 2021 and…
The Cyprus Ministry of Labour published the plans for the January period after the recent peak in coronavirus cases and the mandatory shutdown of certain business sectors in January. The plans mainly aim to support the Tourism Industry, businesses, employees,…
The Cyprus Ministry of Finance announced a special plan for specific categories of companies and self-employed who are excluded from registration in the VAT Register. Specifically, beneficiaries for participation in the Scheme are the Approved Private Tutoring schools, registered in…
INTRASTAT is the system for collecting information and producing statistics on the trade in goods between all the countries of the European Union. It began operating on January 1st, 1993 when it replaced customs declarations as the source of trade…
General Healthcare System and Social Insurance contributions in Cyprus for the year 2021 will remain the same as in 2020. Cyprus 2021 Social Insurance Contributions: Please note that the Social cohesion fund is calculated on total remunerations and has no…
As of 11 January, Cyprus will revert to the normal 9% VAT rate (instead of the reduced 5%) for passenger transport, restaurants, hotel accommodation, and catering services. The reduced 5% vat rate period expired on 10 January 2021 after being…
For Companies (Summary) The government on 9/1/2021 announced additional support schemes for businesses and the self-employed affected by the latest measures. The support plans include grants, payroll subsidies, loan repayment suspension, rent subsidies, and tax breaks. The direct assistance to…
The dates listed below are Public Holidays in Cyprus. On these dates, all public services, private companies, banks, and shops are closed, although many shops and certain services remain open in some areas, mainly coastal areas, busy shopping streets, and…
The Cyprus Ministry of Labour announced the plans for the December period after the recent peak in coronavirus cases, promising to further support companies and employees during 2021. The plans mainly aim to support the Tourism Industry, businesses, employees, and…
The exemption aims to maintain the appeal of Cyprus as a country and to attract employees by creating real infrastructure for businesses and help to establish new investments. The Income Tax Law has been amended in December 2020, to extend…
Cyprus tax resident companies have the obligation to declare at least 70% of their accounting profits of 2018 by the 31st of December 2020. The resulting 17% special contribution for defence and 2.65% National Health Contribution (GESY) must be paid…
The plans mainly aim to support the Tourism Industry, businesses, employees, and the related/associated companies that are affected by the sharp decline of tourist arrivals, and the new restrictions in movement and business operations. The below plans concern the period…
Temporary Tax 2020 Companies that expect to have taxable income for 2020 must pay the second instalment of the temporary tax by 31st of December 2020. The temporary tax is paid only using the JCCSMART website. The tax is calculated…
Cyprus will introduce two new corporate tax measures in order to fight ‘Aggressive Tax Planning’ (ATP) in a move to emphasize its commitment and willingness to support the relevant European Commission’s initiatives and be harmonized with several related guidelines and…
The Ministry of Finance announced a subsidy scheme for Businesses and employers that are under mandatory full suspension in accordance with the relevant Decrees of the Minister of Health. The payment of the one-time subsidy will not require the submission…
Cyprus | These plans were designed due to the continuous increase in the number of pandemic cases and the need to extend support to affected workers and businesses, as well as to the unemployed who have exhausted their unemployment benefits….
Important Update: The Cyprus Parliament passed on the 30th of October 2020 a law, following suggestions also provided by the Institute of Certified Public Accountants of Cyprus (ICPAC), which allows the payment of VAT that had been suspended due to…
The plans mainly aim to support the Tourism Industry and the related/associated companies that are affected by the sharp decline of tourist arrivals and other affected industries, for the 2020 season. The last date for applications for participation in the…
The deadline for submitting an electronic form for the Individual Income Tax Return for 2019 by employees and pensioners whose gross income exceeds € 19.500, as well as the payment of the final tax (self-assessment) for 2019, is extended until…
Updated 23/10/2020 Cyprus | On 7/10/2020 the Council of Ministers approved proposals of the Minister of Labour, Welfare, and Social Insurance for the immediate implementation of Employment Support Plans, totaling 31 million euros. The programs are: 17 million euros for…
These plans are aimed to support mainly the Tourism industry and the related/associated companies that are affected by the sharp decline of tourist arrivals and other affected industries, for the 2020 season. The last date for applications for participation in…
The Tax Department announced that the Individual Income Tax Return for the tax year 2019 is available for submission through the TaxisNet system. Necessary condition: For the submission of the above Declaration the electronic registration in the TaxisNet system is…
A bill amending the Assessment and Collection of Taxes Law was passed on the 31st of July and was published in the Cyprus Government Gazette on the 20th of August. The following amendments, as described in Circular 46 issued by…
Various Amendments to the VAT law On 20 August 2020, the Cyprus Parliament passed the below amendments to the VAT law which officially came into force immediately after its publication in the Official Gazette of the Republic. A new definition…
The following amendments are effective from 1 January 2020. Existing provisions – Summary Intellectual Property capital expenditure is capitalized and capital allowances are claimed throughout the useful life of the asset with a maximum useful life of 20 years. New…
On 10 August 2020, Cyprus and Russia concluded the negotiations of a new protocol to modify the existing provisions of the Cyprus-Russia tax treaty. The intention of both countries is for the reviewed withholding tax rates to be effective from…
The Ministry of Labour announced the new plans for the support of companies and employees affected by the new coronavirus. These plans will be valid for the period from 1st August 2020 until the 31st of August 2020. The plans…
Cyprus | The Ministry of Labor published in the Official Gazette of the Republic the new plans for the support of companies and employees affected by the new coronavirus. These plans will be valid for the period from 1 July…
Gold magazine, considered the best English-language source for business news in Cyprus, has published in its July 2020 edition a special feature listing the Top 300 Companies based in Limassol. Our firm, which offers services for individuals and Companies in…
Cyprus: The Ministry of Labour, Welfare, and Social Security announced that it approved an extension for the submission of applications for participation in the Special Plans for the period from 13 to 30 June 2020, from today 7/7/2020 until midnight…
The Tax Department launched (June 2020) its new tax portal that will be the new point of contact between taxpayers and the Tax Department. It will combine all the tax information of the Tax Department and access will be possible…
Companies that expect to have taxable income for the year 2020 must pay the first installment of the temporary tax by 31 July 2020. Note that, the temporary tax is paid only using the JCCSMART website. The tax, calculated as…
The Council of Ministers has decided on an ad-hoc and temporary measure to help businesses and stimulate demand in the food and hospitality sector. The measure concerns the reduction of the VAT rate to 5% from 9%, for the period…
Gold magazine, considered the best English-language source for business news in Cyprus, has published in its June 2020 edition a special feature listing the Biggest Audit, Accounting, Tax, and Advisory firms in Cyprus. Our firm, which offers services for individuals…
The 30th of June 2020 is set as the final date to settle taxes through self-assessment for Special Contribution for Defence on rents, special Contribution for Defence on dividends and interest received and National Health Contributions on the gross rental…
2020 Tax incentives to property owners in Cyprus The House of Representatives recently passed a law (Amendment No. 2 of 2020), granting tax incentives to property owners in the form of a tax credit to reduce rents by the end…
Third-period electronic forms for Coronavirus allowance The Ministry of Labour, Welfare, and Social Security has published on its website the online applications that need to be completed by those who have been affected by the anti-coronavirus measures. These applications will…
Significant clarification for the one-time subsidy from 1250 to 6000 euros The new measures recently announced by the Minister of Finance, refer to an additional subsidy for self-employed workers and businesses employing up to 50 people. This one-time subsidy will…
Extension of submission of applications for Special Plans The Ministry of Labour, Welfare, and Social Insurance extended the submission of applications for the Special Plans concerning the 2nd Phase, which is for the period 13/04 /2020–12/05/2020. The special plans forms…
Income tax return deadline extended until the end of June 2020 Taxpayers who have an obligation to submit tax declarations, which are based on their audited financial statements, now have an additional one-month extension for the submission of the income…
Our firm offers a range of solutions for establishing your company’s presence in Cyprus Fully furnished, equipped with the latest technology and amenities, supported by experienced personnel and located in the center of the business area of Limassol, our offices…
May 2020 – New update on electronic forms regarding coronavirus allowance The Ministry of Labor, Welfare, and Social Security has published on its website the online applications that need to be completed by those who have been affected by the…
The Ministry of Labour, Welfare and Social Security has published on its website the online applications that need to be completed by those who have been affected by the anti-coronavirus measures. Interested parties can find the following forms on https://www.coronavirus.mlsi.gov.cy/…
Coronavirus update – movement restrictions, companies affected and payments The Ministry of Health has issued new guidance regarding which businesses can stay open, movement restrictions as well as the confirmations for movement. As from 6.00pm on 24th of March 2020…
Dear Clients and associates, In view of the current situation created by the spread of the coronavirus (Covid-19) which affects not only us as individuals but the whole world, we are trying to do our part to protect ourselves and…
Dear clients and associates, Taking into consideration the measures that the Cypriot Government has introduced to avoid the spread of the coronavirus in Cyprus and to reduce the financial and social impact of such measures for companies, employees, employers,…
It is our pleasure to announce that as of March 2020 our firm is a member of the RBB International network. RBB International is a network of independent accounting, auditing, and business advisors that provide clients with accounting, auditing, valuation,…
The Cyprus General Healthcare System (GESY) is a modern, patient-centric healthcare system with the aim of delivering quality healthcare services to all its beneficiaries. The main features of this newly introduced system (2019) is to offer universal coverage to all…
The Limassol Municipality decided to impose a professional tax/annual trade license fee on all companies having their registered office address in Limassol for the year 2019, for the amount of €150. The annual license fee for legal entities in a…
At the end of December 2019, the Cyprus – Kazakhstan Double Tax Treaty was signed by the President of Kazakhstan, which was previously ratified by Cyprus in May 2019. The Treaty will have full effect on the 1st of January…
The Cyprus Migration Department has made some changes regarding the regulation for bank guarantees for work permits and based on the new regulation, no bank guarantee is required to be submitted on behalf of the employer for the purposes of…
For the year 2020, Social Insurance contributions remain the same as in 2019 while, on 1 March 2020, contributions to the General Healthcare System will be increased. 2020 Social Insurance Contributions The Social Cohesion Fund contribution has no maximum…
Maximum annual tax deduction for life and private medical insurance premiums The Cyprus parliament has recently approved an increase in the maximum annual tax deduction for life and private medical insurance premiums, contributions to social insurance, and National Health System…
The second instalment for the 2019 provisional tax is due by December the 31st. Payment of the above-mentioned tax can be made using the JCC Smart web portal and to pay the second instalment, a valid debit or credit card…
Postponement for the imposition of fines by the Cyprus Registrar Further to our previous update of the 2 October 2019, we would like to inform you that the Cypriot Parliament decided in a recent session to postpone the date of…
The Cypriot Council of Ministers recently adopted an amending bill that hopes to boost the state’s tax-collecting capacity through the mandatory filing of the income tax return for everybody, and has also approved the obligation of companies to accept electronic…
VAT on building land 5% Recently the Cyprus Council of Ministers has come to a decision to provide a VAT refund to individuals who bought land for the construction of their primary residence in Cyprus. The purpose of this VAT…
As from 18 December 2019, the Registrar of Companies will impose administrative fines for late filing of the below notifications to the Registrar of Companies: Late filing of the annual return. The fine shall amount to €50 plus €1 for…
Investments in and out of Ukraine have traditionally been structured efficiently through Cyprus. Specifically, the island has served as a very efficient platform for inbound investments in Ukraine as well as for Ukrainian outbound investments to the rest of the…
Gold magazine, considered the best English-language source for business news in Cyprus, has published in its July edition a special publication listing the top 300 companies in Limassol. The list features industries such as services, importers, technology and many more…
Companies that expect to have taxable income for the year 2019 and individuals, who have income other than employment income, must pay the first installment of the temporary tax by 31 July 2019. The tax, calculated as 12.5% on the…
We would like to inform you that the final date for the annual levy tax for the year 2019, which is €350 per company, must be paid by 30 June 2019 at the latest. therefore, If a company fails to…
We would like to remind our clients and associated with the following upcoming deadlines: 30 June 2019 Payment of Special Contribution for Defence (SCD) on rents received by Cypriot domiciled and tax resident individuals and Cypriot tax resident companies during…
In a recent development, the Cypriot Labour Minister has accepted a request from local employers and companies to allow, under certain conditions, the employment of asylum seekers and students from third countries. According to a recent decree (5161, 17/5/2019), which…
Social Insurance Contributions rates As of 1/1/2019, the social insurance rates for both employees and employers have increased by 0.5% on the insurable earnings of the employee. Therefore the rates for social insurance contributions as of 1/1/2019 are 8.3% (increased…
The Tax Department has recently released an Informative Guide, in Greek, regarding Benefits in Kind. The Informative Guide explains the treatment of certain benefits offered by employers to employees, directors, and other persons who hold or are deemed to hold…
The Department of Labour has announced a few changes to take place from September 2017. A penalty of €500 will be applied for each employee working without being registered at the social insurance office, this is multiplied by the months…
TAX DEPARTMENT CAMPAIGN – VISITS TO BUSINESS PREMISES As part of the implementation of its strategic objective to increase voluntary tax compliance, the Tax Department has announced that its tax officers will, from the beginning of August 2017, carry out…
Certain Tax Law amendments have taken place in July 2015 in order to: Harmonize and align the Cyprus tax system with relevant EU guidelines Simplify the Cyprus tax system and making it more attractive Strengthen the use of Cyprus companies…
Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a more…
There are two new directives, first for the fast reaction mechanism aimed towards preventing VAT fraud. The second one is for the optional and temporary application of the reverse charge mechanism in relation to supplies of certain goods and services….
Value Added Tax (VAT) is a tax on consumption levied in the United Kingdom by the National Government. It was introduced in 1973 and is the third-largest source of government revenue after Income Tax and National Insurance. It is administered…
Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…
Αύξηση των συντελεστών ΦΠΑ από 13 Ιανουαρίου 2014 Από την 13 Ιανουαρίου του 2014 ο κανονικός συντελεστής ΦΠΑ, που εφαρμόζεται στην παροχή αγαθών και υπηρεσιών θα αυξηθεί από 18% έως 19%. Επιπλέον, ο μειωμένος συντελεστής ΦΠΑ, που ισχύει στις υπηρεσίες…
Increase in VAT rates from 13th January 2014 From the 13th January 2014, the standard rate of VAT, which is applicable to the supply of goods and services will be increased from 18% to 19%. In addition, the reduced rate…
Foreign individuals who meet certain criteria can now obtain Cyprus citizenship. In order to be eligible to apply for citizenship, the foreign individual should a) have a clean criminal record, b) have a permanent, privately-owned residence of a market value…
ICPAC Quality Award We are pleased to announce that our office has been awarded the prestigious Quality Checked Award by the Institute of Certified Public Accountants of Cyprus (ICPAC) in association with the Association of Chartered Certified Accountants (ACCA). Our…
Law amending the Income Tax Law The corporation tax rate is increased from 10% to 12.5%- effective 1 January 2013. Pursuant to the Resolution of Credit and other Institutions Law, when the operations of one credit institution are transferred to…
Νόμος που τροποποιεί τον Περί Φορολογίας του Εισοδήματος Νόμο Ο συντελεστής του εταιρικού φόρου έχει αυξηθεί από 10% σε 12.5%- ισχύει από 1 Ιανουαρίου 2013. Με βάση τον περί Εξυγίανσης Πιστωτικών και άλλων Ιδρυμάτων Νόμο, για σκοπούς φόρου εισοδήματος, στην…
The House of Representatives has recently voted on various amendments regarding the Special Levy Tax of €350 which is paid by companies. Specifically, the following amendments have been made: The maximum amount of €20.000 for groups of companies has been…
Η Βουλή των Αντιπροσώπων έχει πρόσφατα ψηφίσει τροποποιήσεις σχετικά με το Ετήσιο Τέλος των €350 που καταβάλουν εταιρείες. Συγκεκριμένα οι ακόλουθες τροποποιήσεις έχουν ψηφιστεί: Επαναφέρεται το ανώτατο ποσό των €20.000 για συγκροτήματα εταιρειών Η τελευταία ημερομηνία καταβολής του Ετήσιου Τέλους…
In December 2012 the House of Representatives voted on a number of new and amending laws, as a consequence of the Memorandum of Understanding between Cyprus and Troika. The most important amendments are described below. Increase in VAT rates From…
Στα πλαίσια του μνημονίου μεταξύ Κύπρου και Τρόικας, η Βουλή των Αντιπροσώπων ψήφισε καινούργια και τροποποιητικά νομοσχέδια, τα πιο σημαντικά εκ τον οποίον παραθέτονται πιο κάτω. Αύξηση στο Φόρου Προστιθέμενης Αξίας Από 14 Ιανουαρίου 2013 αυξάνεται ο κανονικός συντελεστής ΦΠΑ…
A tax treaty, which is based on the OECD Model Convention on Income and Capital, has been signed between Cyprus and Portugal in November 2012. Its signature follows the removal of Cyprus from Portugal’s tax haven “blacklist” and will encourage…
Following an amendment to the BVI Mutual Legal Assistance (Tax Matters), Act 2003 on 26 November 2012 the requirements for record-keeping for BVI companies have been revised as explained below. “Records and underlying documentation” must now be kept by a…
A new tax treaty has been signed between Cyprus and Ukraine. The treaty will come into effect on the 1st of January following the year in which the parties exchange notifications of ratifications. The main provisions of the treaty are…
An amendment to the VAT law was published in the Government Gazette of the Republic on the 19th of October 2012 and refers to the refund of VAT amounts together with interest. The provisions of this Law will come into…
Τροποποιήσεις σχετικά με τόκους σε επιστροφές φόρου εισροών έχει δημοσιευτεί στην Επίσημη Εφημερίδα της Δημοκρατίας στις 19 Οκτωβρίου 2012. Οι πρόνοιες του Άρθρου 20 του περί Φόρου Προστιθέμενης Αξίας Νόμου του 2000 μέχρι 2012 θα εφαρμόζονται από την 19η Φεβρουαρίου…
In an effort to attract foreign investors the Republic of Cyprus has put in place new and accelerated procedures for granting Immigration Permits to applicants who are third party nationals and intend to invest in the Republic. It is estimated…
On 24th May 2012, the House of Representatives of Cyprus voted on a number of amendments to the Income Tax Law in order to establish Cyprus as a favorable jurisdiction for companies owning any kind of intellectual property rights, patents,…
Back to back are loans which the Cyprus tax resident company borrows, and in turn, lends this amount to related parties. This arrangement is widely favored by international companies that use a Cyprus company to redistribute their profits, leaving a…
Following the ratification of the DTT Protocol between Cyprus and Russia, Cyprus has officially been removed from Russia’s “blacklist” of offshore jurisdictions meaning that dividends received by Russian companies from Cyprus subsidiaries can qualify for the Russian dividend participation exemption….
On 24th May 2012, the House of Representatives voted on a number of amendments to the law in order to promote foreign investments. AMENDMENTS TO THE INCOME TAX LAW Intellectual property (IP) rights 80% of the net profit from the…
Τροποποιήσεις που ψηφίστηκαν στις 24/5/2012 Τροποποιήσεις του Φόρου Εισοδήματος Ειδικό Καθεστώς για τα δικαιώματα πνευματικής ιδιοκτησίας Παρέχεται φορολογική έκπτωση 20% επί των κεφαλαιουχικών δαπανών. Αφαιρείται ως εκπιπτόμενο έξοδο το 80% από το κέρδος που πηγάζει από τα δικαιώματα πνευματικής ιδιοκτησίας-Royalties…
Law Providing for the Special Settlement of Tax Liability up to the years 2008- Extension The above Law provided that a flat penalty of 5% is imposed on taxes due for the tax years up to 2008. All other penalties…
Cyprus has been officially removed from the Portuguese so-called “blacklist”- a list of jurisdictions with privileged tax regimes. This development has been issued by the Portuguese Ministry of Finance on 8th November 2011, Decree No. 292/2011 and is the result…
Amendments to Income Tax Law When a company director or individual shareholder or his/her spouse or any relative up to second degree receive a loan or other financial assistance from the company, then that person is deemed to have obtained…
Τροποποιήσεις στον Περί Φορολογίας του Εισοδήματος Νόμο Όταν οποιαδήποτε εταιρεία παραχωρεί δάνειο ή οποιαδήποτε άλλη χρηματική διευκόλυνση, εξαιρουμένου υπολοίπου που προέρχεται από εμπορικές συναλλαγές, σε διευθυντές ή μετόχους που είναι φυσικά πρόσωπα, ή των συζύγων τους ή σε συγγενείς τους…
We would like to bring to your attention the following matters which concern Cyprus companies. Stock takes Under the current legislation, companies which maintain stocks should carry out a stock take during the year-end and the results of the stocktake…
Θα θέλαμε να σας υπενθυμίσουμε για τα πιο κάτω θέματα που αφορούν Κυπριακές εταιρείες Καταγραφή αποθεμάτων Σύμφωνα με την εν ισχύουσα νομοθεσία, εταιρείες οι οποίες έχουν αποθέματα, πρέπει να προβούν σε καταγραφή τον αποθεμάτων τους κατά το τέλος του έτους…
In light of the imposition of special levy tax on Cyprus Companies, you are kindly requested to arrange payment of €350. You are kindly requested to make the relevant payment before 30/11/2011 so that we proceed with filings before the…
PERSONAL INCOME TAX Where an individual is a resident in the Republic, tax is imposed on income accruing or arising from sources both within and outside the Republic. Where an individual is not a resident in the Republic, tax is…
Αναφορά: Υπενθύμιση για καταβολή ετήσιου τέλους ύψους €350,00 για όλες τις εγγεγραμμένες κυπριακές εταιρείες. Σύμφωνα με την πρόσφατη νομοθεσία Ν117(Ι)/2011 θα θέλαμε να σας υπενθυμίσουμε ότι όλες οι εγγεγραμμένες εταιρείες στο αρχείο του Εφόρου Εταιρειών και Επίσημου Παραλήπτη υποχρεούνται στην…
On Friday 26 August 2011 the House of Representatives voted as a first step, amendments to various tax legislation, in order to raise revenues and decrease government spending to enable the Government to deal with the economic crisis which Cyprus…
Article 33 (Arm’s length principle) of the Cyprus Income Tax Law gives power to the Commissioner of Income Tax to adjust a company’s taxable profit where it believes that the financial result of a certain transaction was influenced by the…
A Cyprus Holding Company can be effectively utilized for international tax planning purposes and at the same time enjoy the status of being located at a reputable business center within the European Union. In summary, a Cyprus Holding Company offers…
Synopsis Cyprus has become a center through which many leading international companies conduct their business activities. Among the benefits which accrue in using Cyprus as a corporate vehicle is the lowest corporate tax rate in Europe, the extensive double tax…
The tax reform act of 2002 was inevitable in order to harmonize Cyprus’ laws and practices with the European Union laws and directives, the Code of Conduct and the Organization for Economic Cooperation and Development. The end result of this…
Circular 23/03/2011 New tax compliance obligations arise from Circular 2011/1 dated 15 February 2011 which has been issued by the Commissioner of Income Taxes. The circular states that as from 1 April 2011 annual income tax returns for all companies…
On 1 January 2010, a number of important VAT rules will change following the implementation of various European Directives and Regulations (the “VAT Package’), mainly concerning the place of supply rules for services. These changes may have an impact on…