On 19 June 2020, the Cyprus Parliament voted into law the provisions of the EU Anti-Tax Avoidance Directives (ATAD I and ATAD II), which had not been transposed in to local legislation before...
The Directive gives Member States the option to defer the application of what is known as DAC6 by six months...
The provisions of the Income Tax Law related to the Notional Interest Deduction (NID) on New Equity were amended...
The Ministry of Finance of Cyprus extended the deadline for submission of the 2019 personal income tax return to 30 October 2020...
Through a Decree issued on 22 May 2020, the Cyprus Tax Department announced that the deadline is further extended...
The EC published a press release on 8 May 2020 proposing a deferral of the reporting deadlines under DAC6 by three months
On 15 April 2020 the Cyprus Parliament voted in the law the extension of the Tonnage Tax system applicable to the shipping industry in Cyprus...
The Cyprus Shipping Deputy Ministry announced that the Cyprus Flag Administration has been removed from the US Coast Guard’s targeted flag list...
