by Stelios Spiliotis | Jul 11, 2022 | World News
The Companies Amending Law 88(I) of 2022 (the “Amending Law”) which was published in the Official Gazette of the Republic of Cyprus on 24/06/2022, introduced certain changes to the Companies Law, in relation to the requirement of audit or review of financial...
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 | Sep 24, 2021 | Tax, World News
On 21 September 2021, the Tax Department announced a non-imposition of administrative fines for overdue submission of DAC6 reporting until 30 November 2021. The above extension refers to the following cases: Arrangements that were implemented between 25 June 2018 and...
by Stelios Spiliotis | Sep 14, 2021 | World News
The Ministry of Labour, Welfare, and Social Insurance (the “Ministry”) announced that from the 13th of September 2021, the provisions of the Social Insurance (Contributions) (Amendment) Regulations of 2017 (Regulations 167/2017) have entered into...
by Marios Panayides | Jul 8, 2021 | Business, World News
The House of Representatives approved the extension to the deadline for the payment of Euro 350 Annual Company Levy until 31 December 2021. For more details see the announcement at department of registrar of companies and official receiver at the link:...
by Demetris Nicolaides | Jun 12, 2021 | World News
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...
