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Important Tax Deadlines in April 2024 for Filings and Payments

Important Tax Deadlines in April 2024 for Filings and Payments

Please be informed about the upcoming deadlines for filings/payments, which are approaching, for the month of April 2024. 10 April 2024 VAT category C 12-2 15 April 2024 VIES reporting for March 30 April 2024: TD 602: Payment of SDC (and GHS contributions if payment...

Annual Levy abolished from 2024 and onwards

Annual Levy abolished from 2024 and onwards

The Department of Registrar of Companies and Intellectual Property announces that according to the Companies (Amendment) Law 2024, Law No. 25(I)/2024, which was published in the Official Gazette of the Republic on March 15, 2024, the annual fee of companies registered...

Important Tax Deadlines in March 2024 for Filings and Payments

Important Tax Deadlines in March 2024 for Filings and Payments

Please be informed about the upcoming deadlines for filings/payments, which are approaching, for the month of March 2024. 10 March 2024 VAT category B 11-1 15 March 2024 VIES reporting for February 31 March 2024: TD 602: Payment of SDC (and GHS contributions if...

Annual Levy abolished from 2024

Annual Levy abolished from 2024

In a televised address on Wednesday, February 21, 2024, President Nikos Christodoulidis of Cyprus unveiled a series of government initiatives aimed at easing current financial burdens. Among these measures is the elimination of the flat €350 annual company levy, which...

Important Tax Deadlines in February 2024 for Filings and Payments

Important Tax Deadlines in February 2024 for Filings and Payments

Please be informed about the upcoming deadlines for filings/payments, which are approaching, for the month of February 2024. 10 February 2024 Payment of social insurance for self-employed October - December 12 February 2024 VAT category A 10-12 15 February 2024 VIES...

Claim for Allowances form for 2024- Form T.D.59

Claim for Allowances form for 2024- Form T.D.59

The Commissioner of Taxation has released Form T.D.59, titled "Claim for Allowances," for the tax year 2024. All employers are obligated to provide Form T.D.59 to their employees, who are required to promptly complete and return the signed form to their respective...

2024 Tax update: Interest rate on late payment of taxes set at 5%

2024 Tax update: Interest rate on late payment of taxes set at 5%

On 29 December 2023, the Minister of Finance issued the Decree No 5844, which sets the interest rate for late payments of taxes at 5% per annum. The Decree is applicable as of 1 January 2024. We are available for any additional inquiries or clarifications you may...

Important Tax Deadlines in January 2024 for Filings and Payments

Important Tax Deadlines in January 2024 for Filings and Payments

Please be informed about the upcoming deadlines for filings/payments, which are approaching, for the month of January 2024. 15 January 2024 (revised) VAT category C 9-11 15 January 2024 VIES reporting December 2023. 31 January 2024: TD 602: Payment of SDC (and GHS...

Reduction of SDC for passive interest income to 17%

Reduction of SDC for passive interest income to 17%

On 6 December 2023 the Cyprus parliament voted the reduction of the Special Defence Contribution rate from 30% to 17% for passive interest income. As a reminder, interest income acquired from the ordinary activities of the business or closely connected with those...