by Stelios Spiliotis | Apr 3, 2023 | Income Tax, Social Insurance, Tax, VAT
10 April 2023 Vat category C 12-2. Extended deadline 26 April 2023 15 April 2023 Vies reporting for March. Extended deadline 26 April 2023 30 April 2023: TD 11: Payment of tax withheld on payments made to non-Cyprus tax residents during the previous month. TD...
by Stelios Spiliotis | Dec 13, 2022 | Income Tax, Tax
The deadline for the submission of a revised provisional tax calculation for 2022 (if needed) and the payment for the second provisional tax instalment for 2022 is at 31 December 2022. Taxpayers are reminded that the 2022 temporary tax assessment may be revised...
by Marios Panayides | Sep 30, 2022 | Income Tax, Tax
On 23 September 2022, the Council of Ministers issued a Decree in official Gazette which exempts individuals with gross annual income below 19,500 Euro from the obligation to submit a personal tax return (TD1) for the tax year 2022. As a reminder, back in August 2020,...
by Demetris Nicolaides | Aug 2, 2022 | Income Tax, Tax
Cyprus has introduced new rules for income tax exemptions on employment income to attract foreign talent. Income Tax Law (Amendment) (No. 6) of 2022 was published in the official Gazette on 26 July 2022 amending Articles 8 par 21 (the “Specific Exemption”) and Article...
by Christos Stylianou | Jul 28, 2022 | Income Tax, Tax
The Tax Department of Cyprus announces that in accordance with the decision of the Members of Parliament, which will be published shortly, the deadline for the submission of the tax declaration for Physical Persons (Employee, Pensioner and Self Employed without...
by Demetris Nicolaides | Mar 27, 2022 | Income Tax, Tax
Cyprus Income Tax law has a new tax deduction applicable as from 1.1.2015 under the description Notional Interest Deduction (the “NID”) on new capital (the “NC”). The NID is calculated on the amount of new capital introduced in the entity on or...
