by Stelios Spiliotis | Oct 27, 2023 | Income Tax, Tax
Earlier this month, the Commissioner of Taxation announced an initiative aimed at expediting the processing of personal income tax declarations from 2017 onwards, with the goal of completing all income tax returns submitted up to 2022. In light of a delay in mailing...
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 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...
