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2019 | Cyprus Temporary Tax

26/6/2019 Companies which expect to have taxable income for the year 2019 and individuals, who have income other than employment income, must pay the first installment of the temporary tax by 31 July 2019. The tax, calculated as 12.5% on…

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Social Insurance updates

The Department of Labour has announced a few changes to take place from September 2017. A penalty of €500 will be applied for each employee working without being registered at the social insurance office, this is multiplied by the months…

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ΕΚΣΤΡΑΤΕΙΑ ΤΜΗΜΑΤΟΣ ΦΟΡΟΛΟΓΙΑΣ

ΕΠΙΣΚΕΨΕΙΣ ΣΕ ΥΠΟΣΤΑΤΙΚΑ ΕΠΙΧΕΙΡΗΣΕΩΝ Το Τμήμα Φορολογίας ενημερώνει ότι, στα πλαίσια της υλοποίησης του στρατηγικού στόχου για αύξηση της εθελούσιας φορολογικής συμμόρφωσης, Λειτουργοί του Τμήματος θα πραγματοποιήσουν, σε Παγκύπρια βάση, από τις αρχές του Αυγούστου 2017, επισκέψεις σε υποστατικά επιχειρήσεων….

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Recent Tax Law Amendments

Certain Tax Law amendments have taken place in July 2015 in order to: Harmonise and align the Cyprus tax system with relevant EU guidelines Simplify the Cyprus tax system and making it more attractive Strengthen the use of Cyprus companies…

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USES OF FINANCIAL REPORTS

Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements to make important business decisions affecting its continued operations. Financial analysis is then performed on these statements, providing management with a more…

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FUNDAMENTAL ACCOUNTING

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…

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SAVE ON TAXES

Value Added Tax (VAT) is a tax on consumption levied in the United Kingdom by the National Government. It was introduced in 1973 and is the third largest source of government revenue after Income Tax and National Insurance. It is…

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ACCOUNTING 1 ON 1

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…

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PROPER INVOICE INFO

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…

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Φορολογική Ενημέρωση – 2 Ιανουαρίου 2014

  Αύξηση των συντελεστών ΦΠΑ από 13 Ιανουαρίου 2014 Από την 13 Ιανουαρίου του 2014 ο κανονικός συντελεστής ΦΠΑ, που εφαρμόζεται στην παροχή αγαθών και υπηρεσιών θα αυξηθεί από 18% έως 19%. Επιπλέον, ο μειωμένος συντελεστής ΦΠΑ, που ισχύει στις…

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