In case of violation of the provisions of the Decree, an administrative fine of up to four thousand euros will be imposed.
Obligation to Accept Payments by Card – New economic activities
Read more
Clarifications regarding sanctions against Russia
Prohibitions do not apply if the trustee/beneficiary is an EU Member State national or holding a temporary/permanent residence permit in EU.
Cyprus: Deadline extension for Submission of 2020 direct tax declarations
The deadline refers to the electronic submission of the 2020 corporate tax return (Form T.D.4) and is also related to self-employed individuals whose annual turnover surpasses €70.000 and who have the obligation to prepare audited financial statements.
Updated 3/2022: Moving, living & establishing a company in Cyprus | Ukraine
Ukrainians in Cyprus: temporary protection, residency, access labor market, housing, medical assistance, education, company formation.
Types of Cyprus entities – Obligations, Taxation, Liabilities
There are 5 different types of business entities that can be incorporated in Cyprus, all with different characteristics, offering certain advantages and disadvantages to their owners.
Cyprus Invites Digital Nomads
The “Cyprus Digital Nomad Visa” program allows citizens from non-EU and non-EEA countries, who can perform their work remotely, to temporarily reside in Cyprus. The applicants must work for an employer registered abroad or perform work through telecommunications technology for…
Exemption from obligation to submit Income Tax Return for Individuals
Cyprus – The Council of Ministers issued a Decree (February 2022) regarding income tax returns for 2021. The decree states that all individuals who during 2021 have an income not exceeding the amount of 19,500 euros are exempt from the…
Update: Payment of VAT in 3 equal installments
Cyprus – The Tax Department informs (10/2/2022) that it is possible for Taxable Persons to pay the VAT for the period ending on 31/12/2021 in 3 equal installments payable on 10/2/2022, 10/3/2022, and 10/4/2022, without the imposition of additional tax…
Campaign for labor laws compliance and undeclared employment
The Inspection Service of the Ministry of Labor, Welfare and Social Insurance, will carry out, in February 2022, targeted inspections on a nationwide scale in various cleaning, security, business offices, and services companies in Cyprus. Purpose of the campaign The…
Cyprus – Transfer Pricing Frequently Asked Questions (FAQ)
A list of FAQs about Transfer Pricing as published by the Cyprus Tax Department, aiming to clarify certain issues enquired by local Tax Professionals and groups of Companies that are either located, controlled or want to establish a presence on…