Circular Greek – 22/11/2011
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…
Read moreSpecial levy tax for Cyprus companies – Circular 17/11/2011
In light of the imposition of the 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…
Read moreTaxation in Cyprus
PERSONAL INCOME TAX IN CYPRUS 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,…
Read moreΕτήσιο τέλος €350 για Κυπριακές εταιρείες – Circular 17/11/2011
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…
Read moreTax News – first package of measures
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…
Read moreProfit Margins acceptable by the IRD-Loans between associate companies – Circular 04/08/2011
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…
Read moreHolding Companies Incentives – 01/2011
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…
Read moreInformation on Cyprus Business Companies – 01/2011
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…
Read moreAdvantages of a Cyprus Company
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…
Read moreNew Tax Compliance Obligations – 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 as well…
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