C. Costa & Associates Auditors Ltd

Deemed Dividend Distribution for the tax year 2019 to be distributed by December 31st 2021

4 Jan 2022

Deemed Dividend Distribution for the tax year 2019  We would like to remind you of the deemed dividend distribution (DDD) provisions of the Special Contribution for the Defence Law that relate to the tax year 2019. Profits subject to deemed dividend distribution Companies are deemed to have distributed to their resident shareholders 70% of their […]

Deemed Dividend Distribution for the tax year 2019 taxable by December 2021

4 Jan 2022

Deemed Dividend Distribution for the tax year 2019  We would like to remind you of the deemed dividend distribution (DDD) provisions of the Special Contribution for the Defence Law that relate to the tax year 2019. Profits subject to deemed dividend distribution Companies are deemed to have distributed to their resident shareholders 70% of their […]

Deadline for the electronic submission of the new Tax Forms for Special Defence Contribution (“SDC”) and General Healthcare System (“GHS”) contribution withheld on interest and dividend payments

4 Jan 2022

Deadline for the electronic submission of the new Tax Forms for Special Defence Contribution (“SDC”) and General Healthcare System (“GHS”) contribution withheld on interest and dividend payments Based on the announcement issued by the Tax Department of Cyprus on 4 May 2021 in relation to tax forms T.D.602 and T.D.603, the electronic submission of the […]

The Cyprus UBO Registry to fight money laundering

25 Feb 2021

The Cyprus UBO Registry to fight money laundering Recently the Government of Cyprus has taken additional steps to increase transparency in all transactions taking place in the country and fight money laundering. Cyprus aims to increase confidence in its legal and tax system and become a more desired destination for business activity. In doing so, […]

Επιβαρύνσεις απο το έτος 2019 δια επιχειρήσεις και εργαζόμενους:

11 Feb 2019

Επιβαρύνσεις απο το έτος 2019 δια επιχειρήσεις και εργαζόμενους: 1. Με βάση το Νόμο περί Κοινωνικών Ασφαλίσεων, από 1/1/2019 αυξάνονται οι εισφορές τόσο για τους εργοδότες όσο και για τους εργοδοτούμενους τους κατά 0.5% επί του ολικού μισθού. Το ποσοστό συνεισφοράς του εργοδότη και το ποσοστό αποκοπής του μισθωτού θα ανέλθει στο 8.30% έκαστος. 2. […]

Electronic payment of taxes

25 Oct 2018

As part of the Government’s effort to improve the electronic services offered to taxpayers, the Tax Department has recently announced that as from the 1st of June 2018, the settlement of the following taxes can be effected only electronically through the JCCsmart website.   Tax Code Description 0100 Income tax deducted from emoluments (PAYE) 0114 […]

Tax department looking to tax Airbnb rentals

25 Oct 2018

Tax authorities are now eyeing short-term property rentals such as Airbnb which, due to loopholes in the law, are not subject to tax. .The matter was raised on Monday at the House finance committee, which discussed the leasing/renting of properties via online services. .Tax commissioner Yiannis Tsangaris said this income is not currently taxed. In […]

Ηλεκτρονικά και υποχρεωτικά η φορολογική δήλωση για σκοπούς ΦΠΑ

6 Sep 2016

Ηλεκτρονικά και υποχρεωτικά η φορολογική δήλωση για σκοπούς ΦΠΑ Το υπ. Οικονομικών ήρθε με τροποποιητική πρόταση στην Επ. Οικονομικών της Βουλής Του Παναγιώτη Ρουγκάλα Η ηλεκτρονική υποβολή θα βελτιώσει τη διαδικασία υποβολής δηλώσεων, σύμφωνα με το ΥΠΟΙΚ 1 Υποχρεωτική θα είναι πλέον η υποβολή φορολογικής δήλωσης με ηλεκτρονικά μέσα από όλα τα νομικά πρόσωπα, σύμφωνα […]

http://www.kathimerini.com.cy/index.php?pageaction=kat&modid=1&artid=248441

6 Sep 2016

Recent Tax Law Amendments

21 Jul 2016

Recent Tax Law Amendments Certain Tax Law amendments have taken place in July 2015 in order to: Harmonise and align the Cyprus tax system with relevant EU guidelines Simplify the Cyprus tax system and making it more attractive Strengthen the use of Cyprus companies in international tax structuring Provide incentives for investment & relocation to […]

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