For individuals, the tax brackets are revised and expanded, with a horizontal increase of the tax-free threshold from €19,500 to €22,000. Revised tax brackets and tax rates: Taxable Income Tax Rate €0 – €22,000 0% €22,001 – €32,000 20% €32,001 – €42,000 25% €42,001 – €72,000 30% €72,001 and above 35% Existing tax brackets and […]
Law Amending the Income Tax Laws as of 1st of January 2026 Read More »
FOLLOWING TEXT IN ENGLISH Θέμα: Σημαντικό: Μηνιαία Υποβολή IR7 Αγαπητοί Κύριοι, Ελπίζουμε αυτό το μήνυμα να σας βρίσκει καλά. Στο πλαίσιο της επερχόμενης υποβολής IR7, σας υπενθυμίζουμε ότι είναι υποχρεωτικό να μας δώσετε τους Αριθμούς Φορολογικής Ταυτότητας (ΑΦΤ) όλων των υπαλλήλων σας. Εάν κάποιος από τους υπαλλήλους σας δεν έχει ακόμη ΑΦΤ θα πρέπει να
Μηνιαία Υποβολή IR7 / IR7 Monthly Submission Read More »
Θα θέλαμε να σας ενημερώσουμε ότι, σύμφωνα με τις νέες οδηγίες του Τμήματος Φορολογίας, όλοι οι εργοδοτουμένοι πρέπει να διαθέτουν έγκυρο αριθμό φορολογικής ταυτότητας. Ειδικότερα, για την υποβολή της Δήλωσης Εργοδότη ΤΦ7 για το έτος 2024 και για την πληρωμή PAYE από 1 Ιανουαρίου 2025, απαιτείται έγκυρος αριθμός φορολογικής ταυτότητας για όλους τους εργοδοτούμενους. Η
Δήλωσης Εργοδότη ΤΦ7 για το έτος 2024 και πετεπειτα Read More »
In brief Below is a summary of the main points presented for the Cyprus tax reform 2025 project. Before any amendments become law a legislative process will need to be followed. Accordingly, it is important to note that the matters set out below may not actually be included in any final tax reform or may
We are currently looking for an Accountant for full time employment in Larnaca. Job description: Processing of invoices and bank transactions Reconciliations of debtors, creditors and banks Preparation of VAT returns Preparing financial reports i.e. trial balances, profit and loss etc Reporting to the head of the accounting department
SEEKING ACCOUNTANTS Read More »
Our firm is seeking to recruit a dynamic and highly motivated individual for the role of Audit Junior. JOB DESCRIPTION Reporting directly to the Audit Manager and to the Managing Director Initiate and complete audit procedures of various companies according to applicable standards and regulations Preparation of Audited Financial Statements of companies as per statutory
December 2, 2024 On 21 November 2024, the Cyprus Parliament approved an amendment to the Prevention and Suppression of Money Laundering Activities Law. The legislation introduces a comprehensive framework for the enforcement of penalties related to beneficial ownership compliance, providing relief for businesses, especially small and medium-sized enterprises (SMEs). Key provisions of the Law Reduction
Cyprus Parliament approves new framework for beneficial ownership compliance Read More »
Beneficial Owners Details Due by December 31st 2024 We would like to remind you that all entities registered under Companies Law, Cap. 113, including European Companies (SE) and Partnerships, are required to confirm the details of their beneficial owners and senior management officials annually. This confirmation period runs from 1 October to 31 December 2024.
Verification of Beneficial Owners Details Due by December 31st 2024 Read More »
After the debate of whether AML regulations can come in conflict with GDPR regulations for EU citizens, the European Court of Justice issued a judgment dated 22/11/2022 that (quoted from the press release) “…the general public’s access to information on beneficial ownership constitutes a serious interference with the fundamental rights to respect for private life
European Court of Justice rules against general public access to UBO registry Read More »
Cyprus AIRBNB accommodations: Everyone must register Cyprus: The Deputy Ministry of Tourism announces that all self-catering accommodations (on AIRBNB, BOOKING.COM and other platforms) should be registered in the relevant registry of the Deputy Ministry by 06/02/2023. According to the relevant legislation, in order to be able to advertise and/or rent the self-catering accommodation, applicants must
Cyprus AIRBNB registration Intellectual Property in Cyprus Read More »
