Effective from the tax year 2019 onwards, the limit of the allowances provided for in article 14 of the Income Tax Law is increased from 1/6th to 1/5th of an individual’s taxable income before such allowances.
These include contributions to:
Effective from 1 January 2017, an individual is considered a Cyprus tax resident if he/she:
does not spend more than a…
read moreFrom 2 May 2017, all VAT registered companies and individuals are obliged to submit their VAT returns electronically through…
read moreOn 19 June 2020 the Cyprus Parliament voted into law the remaining provisions of ATAD.
The second measure in addition…
N. Constantinou & Co Audit Ltd is an independent member of the International Accounting and Audit Network i2an (www.i2an.com)….
read moreCompanies and other legal entities can begin to submit the details of their beneficial owners into the intermediate system…
read moreOn 15 December 2020 the House Of Parliament voted for the extension of the specific law which aims to…
read moreOn 26 June 2019 an amendment to the Special Defence Contribution (SDC) Law was published in the Official Government…
read moreThe Cyprus government recently announced a specific visa programme, with several incentives for people who would like to take…
read moreOn the 3rd of November 2017 the House of Representatives voted the imposition of VAT at 19% on land…
read moreOn 3 September 2018, the Cyprus Tax Department issued the circular EE-25 in order to provide guidance regarding the…
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