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Important Tax Deadlines in September 2023 for Filings and Payments

Important Tax Deadlines in September 2023 for Filings and Payments

Please be advised of the upcoming tax deadlines: 10 September 2023: Vat category B 5-7 15 September 2023: VIES reporting August. 30 September 2023:TD 602: Payment of SDC (and GHS contributions if payment is made to a Cyprus tax resident individual) withheld on...

Important Tax Deadlines in August 2023 for Filings and Payments

Important Tax Deadlines in August 2023 for Filings and Payments

1 August 2023: Payment of the 2022 tax balance through self-assessment by individuals preparing audited financial statements and companies (through tax portal under payment code 300). 10 August 2023: VAT Category A 4-6 Payment of social insurance for self-employed...

Provisional Tax Instalment in 2023

Provisional Tax Instalment in 2023

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...

Important Tax Deadlines in July 2023 for Filings and Payments

Important Tax Deadlines in July 2023 for Filings and Payments

10 July 2023: VAT submission for Category C for months March to May. 15 July 2023: VIES reporting June. 31 July 2023: TD 1: Electronic submission of the 2022 personal tax return by individuals and payment  of the income tax liability. Extended deadline: 2 October...

Amendments to IAS 1, IAS 8 and IAS 12

Amendments to IAS 1, IAS 8 and IAS 12

In this article we touch upon amendments to IAS 1, IAS 8 and IAS 12 which are applicable for annual periods beginning on or after 1 January 2023 (with early application permitted) and aim to improve the consistency and transparency of financial reporting. ...

Important Reminder to Pay Annual Levy by 30 June

Important Reminder to Pay Annual Levy by 30 June

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...

New announcement by Cyprus Tax Department on tax payments

New announcement by Cyprus Tax Department on tax payments

The Cyprus Tax Department has recently announced a change in the procedure for taxpayers to settle their tax obligations, effective from May 3, 2023. According to the announcement, taxpayers are informed that JCC Smart is no longer available for executing tax...