The Cyprus Ministry of Labour published today, 29/6/2021, the support plans for the June 2021 period. The plans concern the period from June the 1st until June 30th, 2021. The last date for applications for participation in the June Special…
The Cyprus Ministry of Labour published today, 29/6/2021, the support plans for the June 2021 period. The plans concern the period from June the 1st until June 30th, 2021. The last date for applications for participation in the June Special…
Companies that expect to have taxable income for the year 2021 must pay the first instalment of the temporary (provisional) tax by 31 July 2021. Note that the temporary tax is paid only using the JCCSMART website. The tax, calculated…
We are delighted to announce that as of June 2021 our firm is also an independent member of the Financial Group network. Financial Group is a network of Accounting, Audit, Tax, and Consulting services Firms that offer clients around…
(Greek text available below English text – Για το κείμενο στα Ελληνικά παρακαλώ δείτε κάτω απο το Αγγλικό κείμενο) The Council of Ministers approved a Decree obliging companies operating in the service and retail sector to accept card payments in…
(Greek text available below English text) 01/03/2022 Extension of time for the submission of data of Beneficial Owners in the Beneficial Owners register of companies and other legal entities Τhe Department of Registrar hereby announces that the submission period of…
The Cyprus Ministry of Labour published today, 28/5/2021, the support plans for the May 2021 period. The plans concern the period from May the 1st until May 31st, 2021. The last date for applications for participation in the May Special…
The Ministry of Labour, Welfare, and Social Insurance announced two new incentive plans for the Unemployed, which will be co-financed by the European Union and the Republic of Cyprus. The Plans aim to reduce unemployment by providing incentives to employers…
In its May 2021 issue, Gold magazine, the English-language source for business news in Cyprus, has a special feature listing the Top 300+ Companies that are based in Limassol. Our firm has once again earned its position in this list…
The Cyprus Parliament voted an amendment to the law that regulates the settlement of overdue taxes in relation to tax liabilities for the years 2016 up to 2019. The amendment was published in the Official Gazette on 29th April 2021….
The Ministry of Labour, Welfare and Social Insurance will pay tomorrow, April 29 2021, the One-time subsidy for the companies and self-employed that suspended their operation during the period from 1 to 15 of March 2021. The One-time subsidy concerns companies and…
The Cyprus Ministry of Labour published today, 27/4/2021, the support plans for the April 2021 period. The plans concern the period from April the 1st until April 30th, 2021. The last date for applications for participation in the April Special…
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,…
UBO (Ultimate Beneficial Owner) For UBO registration instructions please click here>> 01/03/2022 Extension of time for the submission of data of Beneficial Owners in the Beneficial Owners register of companies and other legal entities Τhe Department of Registrar hereby announces…
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…
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…
Important: For the 2022 public and bank holidays please visit our new update below: Cyprus bank and public holidays for 2022 The dates listed below are Public Holidays in Cyprus. On these dates, all public services, private companies, banks, 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, GHS) must be…
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…