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Posts Tagged ‘Payroll’

Changes to Employment and Social Insurance Regulations

The Cyprus Ministry of Labour, Welfare and Social Insurance has recently announced that on 13 September 2021, the Social Insurance...

Income Tax Return for 2020: Further Extension of Submission Deadline

The Cyprus Tax Department has recently announced that the deadline for submission of the Income Tax Return for 2020 will be extended further from...

Income Tax Return for 2020: Exemption from Submission

Individuals with annual gross income below €19,500 are exempted from the obligation to submit an income tax return for 2020.

Extension of Deadlines Related to Taxes for 2020

Following an amendment to the Assessment and Collection of Taxes Law published on 20 April 2021, the deadline for submission of the personal income tax return for individuals as well as...

Increase in Earnings Cap for Employment Contribution Purposes

The earnings cap for Social Insurance purposes for 2021 will increase to €57,408 per annum (2020: €54,864 per annum). It is reminded...

Extension of Incentives for Relocating to Cyprus for Employment

On 3 December 2020 the Cyprus Parliament approved the extension of the two incentives already in place for attracting people to relocate to Cyprus and obtain employment in the country.

Setting Up in Cyprus: Hiring/Relocating Personnel

We are examining aspects related to human resources, whether these relate to hiring employees from the local market and/or relocating existing personnel from abroad.

Deadline for Submission of 2019 Personal Income Tax Returns Extended

The Ministry of Finance of Cyprus extended the deadline for submission of the 2019 personal income tax return to 30 October 2020...

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