03
Jan
Amendment to the Law regulating the settlement of overdue taxes
The House of Representatives has voted an amendment to the Law regulating the settlement of overdue taxes, effective from 13…
read moreJanuary 2018
November 2017
07
Nov
Imposition of VAT on land transactions for business purposes
On the 3rd of November 2017 the House of Representatives voted the imposition of VAT at 19% on land…
read moreJuly 2017
24
Jul
Due dates for interest, additional taxes and penalties
Employees
Due date for submission of income tax return: 30/04 of the following year
Due date for submission of income tax…
17
Jul
Amendment of the term “Cyprus tax resident individual”
Effective from 1 January 2017, an individual is considered a Cyprus tax resident if he/she:
does not spend more than a…
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14
Jul
Submission of provisional tax return for 2017
Individuals with taxable income other than salaries, pensions, dividends and interest and Companies with taxable income, are obliged to…
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05
Jul
Tax treatment of intra-group back-to-back financing arrangements
It should be noted that the application of the pre-agreed minimum profit margins of 0.125% and 0.35% for back-to-back…
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05
Jul
Update on the law regulating the settlement of overdue taxes
The law regulating the settlement of overdue taxes is applicable from 3 July 2017.
The overdue taxes which are covered…
June 2017
29
Jun
Annual Levy for 2017
All Cyprus registered companies are required to pay the Annual Levy of €350 to the Registrar of Companies by…
read moreFebruary 2017
15
Feb
New law regarding the settlement of overdue taxes
As from 3 February 2017, taxpayers are able to settle their overdue taxes in equal instalments as follows:
54 instalments…
read moreDecember 2016
20
Dec
Electronic VAT return submission
From 2 May 2017, all VAT registered companies and individuals are obliged to submit their VAT returns electronically through…
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