NEWSROOM

Protocol to Double Tax Treaty Between Cyprus and Switzerland Entered in to Force
15/12/2021

The Protocol, which entered in to force on 3 November 2021, introduces, among others, minimum standards of the OECD Base Erosion and Profit Shifting (BEPS) actions, including...

Holidays Are Coming
07/12/2021

There is still a long way to go before we can claim that we got our lives back, but there is no doubt that great virtues have been demonstrated by people all over the world in overcoming all hurdles…

Best wishes from Seamark!

No Administrative Fines for Submission of Tax Returns until 6 December 2021
02/12/2021

The Ministry of Finance of the Republic of Cyprus announced on 1 December 2021 that there will be no imposition of administrative fines for the electronic submission...

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...

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