28 Nov 2022
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 […]
23 Nov 2022
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 […]
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 […]
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 […]
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 […]
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, […]
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. […]
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 […]
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 […]
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 […]
