by Demetris Nicolaides | Nov 30, 2023 | Tax, VAT, World News
The Tax Department has issued Circular 11/2023 on 28 November 2023, to provide additional clarifications to the amending law (Ν.42(I)/2023) which introduced important changes on the application of the reduced Value Added tax (VAT) rate of 5% on the purchase...
by Marilena Vladimirou | Jul 7, 2023 | Tax, VAT
On 8th June 2023 the House of Representatives passed the amending law (Ν.42(I)/2023) introducing important changes on the application of the reduced Value Added tax (VAT) rate of 5% on the purchase or construction of primary and permanent residence in the Republic...
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...
