by Marios Panayides | Mar 26, 2022 | Income Tax
On 24 March 2022, the House of Parliament voted the extension of the submission of the 2020 corporate income tax return (TD4) from 31 March 2022 to 31 July 2022. For any assistance please free to contact us.
by Demetris Nicolaides | Dec 28, 2021 | Business, Economy, Europe, Income Tax, Tax, World News
The European Commission has published on 22 December 2021 the legislative proposal for a Directive laying down rules to prevent the misuse of shell entities for tax purposes. The Unshell proposal (commonly referred to as ATAD III) is part of the Communication on...
by Marios Panayides | Nov 24, 2021 | Income Tax, Tax
On 19 October 2021 the Commissioner of Taxation issued a Circular, which makes clarification in relation to the imposition of a 10% additional tax for employees with income other than employment income. The Circular refers to Article 24 and 26 of the Assessment and...
by Demetris Nicolaides | Oct 18, 2021 | Business, Economy, Income Tax, Social Insurance, Tax
On 15 October 2021, the Minister of Finance has presented a new integrated strategy for attracting new businesses to Cyprus and encouraging their operations in Cyprus (the “Strategy”) aimed at making Cyprus a Sustainable Business and Commercial Center in the region...
by Stelios Spiliotis | Sep 27, 2021 | Income Tax, Tax
In accordance with the Decree issued on 24 September 2021, the following deadlines are extended to 30 November 2021: Electronic submission of the 2019 Corporate Income Tax return (TD4), and Electronic submission of the 2019 Personal Income Tax return (TD1A) of...
by Demetris Nicolaides | Aug 19, 2021 | Business, Economy, Europe, Income Tax, Tax
The effects of the COVID-19 have been unprecedented and substantial to businesses across the world with many businesses racking in heavy losses and struggling for survival while many have already closed down permanently. At the EU level, the Commission has taken a...
