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 | Jul 5, 2022 | Tax
All companies and self-employed persons should submit a temporary tax declaration and make two provisional tax instalments during the year of assessment. Reporting deadlines The dates of submission and payment of the provisional and final tax for tax year 2022 are as...
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...
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 Demetris Nicolaides | Aug 6, 2021 | Cyprus Company Law
The Department of Registrar of Companies of the Ministry of Energy, Commerce and Industry has issued on 23 July 2021 a Directive which extends the initial deadline for the submission of beneficial owners details onto the Beneficial Owner system (‘hereinafter...
