Second provisional tax instalment for 2022 We would like to remind you that the 31st of December 2022 is the submission deadline for a revised (where needed) provisional tax calculation for 2022 and the payment deadline for the second provisional tax instalment for 2022. Provisional tax payment obligation The following should re-consider whether they should […]
NEW ADDITIONS TO THE EU LIST OF NON-COOPERATIVE JURISDICTIONS FOR TAX PURPOSES On 14 February 2023 the EU decided to add four more countries to the EU list of non-cooperative jurisdictions for tax purposes. The goal is to promote fair tax competition and deal with harmful tax practices. These countries are: British Virgin Islands, Marshall […]
Tax incentives for highly qualified foreign specialists approved in Cyprus. On July 14 the Cyprus Parliament approved important amendments to the Income Tax Law. They introduced provision of significant tax benefits to highly qualified foreign specialists. In particular, employees who were hired by Cypriot companies from January 1, 2022 will now be exempt from paying […]
Extension of deadlines for the payment of the Annual Levy for Cyprus Companies and for compliance with the Annual Return Submission As part of the measures taken by the Cyprus Government to support companies and/or businesses affected by the pandemic of COVID-19, the deadline for the payment of the Annual Levy for the year 2020 […]
VAT reduction in Cyprus Countries around the world are implementing emergency tax measures to support their debilitated economies during the coronavirus COVID-19 threat. In light of the business disruption caused by COVID-19, the Cyprus government has announced a number of measures to support the country’s economy. Finance Minister Constantinos Petrides has clarified that the temporary […]
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