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Posts Tagged ‘Cyprus’

Extension of Deadline for Payment of Annual Levy for 2022

Based on a law voted by Cyprus Parliament on 30 June 2022, the deadline for payment of the Annual Levy for 2022 has been extended from 30 June 2022 to...

Reduction of Penalty for Late Submission of Annual Returns

Further to an amendment in the Companies’ Law, which came in to effect on 24 June 2022, the maximum of €500 for each default has been reduced temporarily to...

Reduction on tax rate applied on interest on corporate and other bonds

On 26 of May 2022, the Cyprus Parliament approved an important amendment to the Special Contribution for Defense (“SCD”) Law, for what concerns taxation of interest income.

Change of Data at the Registrar of Companies for Sanctioned Companies

The Cyprus Registrar of Companies (the “Registrar”) announced on 30 May 2022 that for companies the name of which and/or the name of their shareholders, directors or ultimate beneficial owners...

Extension of Income Tax 50% Exemption Approved by Council of Ministers

The Council of Ministers approved on 10 May 2022 the significant improvement of an incentive aimed at attracting foreign companies and highly skilled staff to Cyprus.

Extension of Deadline for Submission of 2020 Tax Returns

With a decision of the Cyprus Parliament on 24 March 2022, the deadline for submitting the tax return for 2020 for companies (TD4) and individuals with...

Incentives for Investing in Innovative SMEs – Extension of Application

The tax incentives for investing in innovative enterprises, which were introduced in 2017, were extended until 30 June 2024 by a decision of the...

Digital Nomad Visa – Extension of Number of Beneficiaries

On 3 March 2022 the Council of Ministers of the Republic of Cyprus decided for the number of persons who can obtain a Digital Nomad Visa to be increased from 100, which was set initially, to 500.

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