The Tax Department announced that the Individual Income Tax Return for the tax year 2019 is available for submission at https://taxisnet.mof.gov.cy through the TaxisNet system. Α necessary condition for the submission of the above Declaration is the electronic registration in…
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…