NEWSROOM

DAC 6 – Tax Circular Providing Clarifications on Penalties
29/11/2021

On 19 November 2021 the Cyprus Tax Department issued a Circular providing clarifications on the administrative fines imposed for non-compliance with DAC6 reporting obligations.

DAC 6 - Further Extension to the Imposition of Administrative Fines for Overdue Submission of Information
23/11/2021

On 22 November 2021 the Cyprus Tax Department announced a further extension to the period over which no administrative...

DAC6 - Publication of the official guidelines for implementation in Cyprus
11/11/2021

On 29 October 2021 a Decree by the Cyprus Ministry of Finance was published in the Official Gazette of the Republic.The Decree provides practical guidance with respect...

Ultimate Beneficial Owner Register – Simplification of Submission Procedure
02/11/2021

On 29 October 2021 the Cyprus Registrar of Companies announced that as from that day the submission of information to the Ultimate Beneficial Owner Register...

New Package of Incentives for Establishing or Expanding Presence in Cyprus
21/10/2021

On 15 October 2021 the Cyprus government presented its Action Plan for attracting companies to establish or expand presence in Cyprus. The Plan is in line with...

Inheritance and Estate Planning – Company or Trust?
11/10/2021

In this newsfeed we will focus on two popular Cyprus entities, which can be used for arranging and administering the wealth of a family in order to ensure its smooth and careful transmission from...

Further Extension to Deadline for Submission of 2019 Tax Returns
27/09/2021

The Ministry of Finance of the Republic of Cyprus issued a decree on 24 September 2021 based on which the deadline for submission of...

DAC 6 - Further Extension of Period With No Administrative Fines
22/09/2021

On 21 September 2021 the Cyprus Tax Department announced an extension to the period over which no administrative fines for overdue submission of DAC6 information will be imposed.

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