Reductions in Cyprus Tonnage Tax for Environmentally Friendly Vessels

The Cyprus Shipping Deputy Ministry announced incentives for encouraging emission-reduction and protection of the environment by vessels.

Ultimate Beneficial Owner Register for Companies – Change in Starting Date

The Registrar of Companies announced on 15 January 2021 that the collection of data will begin on 22 February 2021... 

Cyprus Implements Ultimate Beneficial Owner Register for Companies

On 16 December 2020, the Council of Ministers of the Republic of Cyprus took some decisions related to the implementation of the provisions of the 4th EU AML Directive  for what concerns the creation of a register for the Ultimate Beneficial Owners...

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 Deadline for Country by Country Reporting

The Cyprus Tax Department announced on 15 December 2020 that the submission deadline for the following Country-by-Country Reporting obligations in Cyprus... 

Christmas Holidays

As we are approaching the festive season we would like to inform everyone that our office will remain closed for holidays from 24 December 2020 to 1 January 2021, both inclusive.

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.

Additional Extension of Deadline for Submission of 2019 Personal Income Tax Returns

On 27 November 2020 it was announced that the deadline for submission of the 2019 personal income tax return is further extended to 15 December 2020.

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