by Demetris Nicolaides | Nov 30, 2023 | Tax, VAT, World News
The Tax Department has issued Circular 11/2023 on 28 November 2023, to provide additional clarifications to the amending law (Ν.42(I)/2023) which introduced important changes on the application of the reduced Value Added tax (VAT) rate of 5% on the purchase...
by Demetris Nicolaides | Oct 20, 2023 | Tax
The European Union (EU) maintains a list of non-cooperative jurisdictions for tax purposes, also known as the EU blacklist. This list is part of the EU’s efforts to combat tax evasion and avoidance, and includes countries that have not complied with good tax...
by Demetris Nicolaides | Jul 13, 2023 | Tax
We wish to remind all our associates that the deadline for the 1st instalment of the provisional tax for tax year 2023 is the 31st July 2023. Please make sure that you don’t miss the deadline by planning in advance to carry out the calculations. Scope of the...
by Demetris Nicolaides | Jul 9, 2023 | Tax
On July 6, 2023, the Cyprus Tax Department (CTD) issued a Circular regarding transactions falling below the Local File threshold. This Circular is applicable to all taxpayers engaged in related party transactions (referred to as “Controlled Transactions”),...
by Demetris Nicolaides | Jun 13, 2023 | World News
According to the Companies Law, all Cyprus registered companies irrespective of their year of registration are required to pay the Annual Levy of €350 to the Registrar of Companies by 30 June of each year. Deadline and payable amount The Annual Levy is is payable by...
