Posts Tagged ‘Income Tax Exemptions’

Employment and General Healthcare System Contributions for 2020

Social Insurance contributions for 2020 will remain the same as in 2019 whereas contributions to the General Healthcare System (GHS) will be increased as from 1 March 2020.

Cyprus Tonnage Tax System Extended

On 16 December 2019, the European Commission approved the extension of the Tonnage Tax system applicable to the shipping industry in Cyprus for 10 years... 

Introduction of National Healthcare System in Cyprus

The General Healthcare System (GHS) Law came into force as from 1 March 2019.
As from the above date, employers are required to contribute...

Amendments to Cyprus Investment Programme

The Council of Ministers of the Republic of Cyprus approved on 13 February 2019 a number of important amendments to the Cyprus Investment Programme...

Reference Rates for 2019 for Notional Interest on Equity

The Cyprus Tax Department published on 30 January 2019 an update on bond yield rates per country...

Double Tax Treaty between Cyprus and UK – Amending Protocol Signed

A Protocol amending the new Double Tax Treaty (DTT) between Cyprus and the UK of 2018 has been signed on 19 December 2018.

Cyprus - Tax Treatment of Non-Refundable Capital Contributions

Through Interpretative Circular 25, released on 3 September 2018, the Cyprus Tax Department clarifies the tax treatment of non-refundable capital contributions... 

Cyprus Film Production Scheme Enters in to Force

The scheme for the promotion of the film industry has entered in to force on 11 September 2018, as per an announcement

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