28
May
Tax incentives for the film industry
On 11 December 2018, an amendment to the Income Tax Law was published which provides certain tax incentives for…
read moreMay 2019
December 2018
11
Dec
Tax treatment of benefits in kind
The Cyprus Tax Department published, during October 2018, an informative guide which explains the tax treatment of certain benefits…
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11
Dec
Tax treatment of non-refundable capital contributions to companies who are not Cyprus tax residents
On 3 September 2018, the Cyprus Tax Department issued the circular EE-25 in order to provide guidance regarding the…
read moreJanuary 2018
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 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…
February 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…
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