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...
by Marios Panayides | Aug 4, 2021 | Income Tax, Tax
The Tax Department published a Notification on 23 July 2021 in the Cyprus Gazette, providing information and details regarding the process and the years to which the scheme for settlement of overdue taxes will apply. The scheme covers the : Overdue taxes due for...
by Stelios Spiliotis | Aug 2, 2021 | Income Tax, Tax
In accordance with the Decrees issued by the Minister of Finance (Decree No 342/2021 and 343/2021) on 30 July 2021 the submission deadline of: A. Income tax returns for tax year 2020 as well as the payment of the final income tax due as per the income tax return (via...
by Demetris Nicolaides | Jul 14, 2021 | Income Tax, Tax
On the 9th July 2021, the Council of Ministers issued a Decree exempting physical persons with annual gross income less than €19,500 from the obligation to submit a Personal Income Tax Return for tax year 2020. Deadline for submission As a reminder the Personal Income...
by Stelios Spiliotis | Jun 25, 2021 | Income Tax, Tax
Deadline for Provisional tax 2021 According to the Cyprus Income Tax Law the dates of submission and payment of the provisional tax for the year 2021 are as follows: 31 July 2021- Submission of return and payment of 1st instalment31 December 2021-Payment of 2nd...
by Demetris Nicolaides | Apr 26, 2021 | Income Tax, Tax
This is a reminder of the approaching deadline for the Special Defence Contributions (SDC) and General Health System (GHS) contributions on Deemed Dividend Distributions (DDD) for the 2018 tax year that need to be settled by 30 April 2021. Scope of the legislation The...
