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…
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…
The Cyprus ministers’ cabinet announced on September 3rd that it approved the continuation of the existing coronavirus support plans until the end of October 2020. These plans are aimed to support mainly the Tourism industry and the related/associated companies that…