31 January Submission of the Deemed Dividend Distribution declaration (IR623) and payment for the year 2019 31 March Electronic submission of 2020 corporate tax returns (IR4) (extension until the 31st of July 2022) Electronic submission of 2020 tax return (IR1) for individuals preparing audited...
On 19 October 2021, the Ministry of Finance, issued Interpretive Circular no. 54 (“Circular”), which concern ofimposition of 10% additional taxfor employees with income other than employment income. The circular reference to the provisions of article 26 of the Assessment and Collection of Taxes...
We would like to inform you that in accordance with a Decree issued on 24 September 2021, the new deadlines for the submission of the below tax returns are extended to 30 November 2021: Income Tax returns for Companies (TD4) for the year 2019...
ERGANI Information System for Employers The Social Insurance Services announce that the following amendments to Social Insurance Regulations will come into force on 13 September 2021: 1. The application for registration of an employer should be submitted no later than one (1) day before...
We would like to inform you that in accordance with the Decree issued on 30 July 2021, the deadline for the payment of the final tax due as per the income tax return for the tax year 2020 is extended until the 30th of...
We would like to inform you that the Income Tax Declaration for individuals (TD.1 form) for the tax year 2020, is made available to the Taxisnet system. Individuals whose gross annual income is below €19,500 are exempt from submitting a personal income tax declaration...
Although the offshore companies do not require tax reporting, maintaining proper book records is still required. In addition, the new rules introduced by the OECD, FATF and other international organizations that regulate international taxation and anti-money laundering, offshore companies were required to prepare their...
The Cyprus Registrar of Companies announced on 8 July 2021 that the deadline for payment of the Annual Levy for 2021 has been extended from 30 June 2021 to31 December 2021.
On June 1, 2021, announced that the Netherlands and Cyprus concluded a convention for the elimination of double taxation with respect to taxes on income and on capital and the prevention of tax evasion and avoidance (the Treaty). The objective of the treaty between...
Introduction As part of the overall effort to continuously improve and simplify the Cypriot tax system as well as to remain a highly compliant and attractive jurisdiction, various new bills were passed into new laws in July 2015. Amongst these, there has been the...