NEWSROOM

Cyprus Adopts Exit Tax and Hybrid Mismatch ATAD Provisions
08/07/2020

On 19 June 2020, the Cyprus Parliament voted into law the provisions of the EU Anti-Tax Avoidance Directives (ATAD I and ATAD II), which had not been transposed in to local legislation before...

EU Council Approves Deferral of DAC6 Reporting Deadlines
01/07/2020

The Directive gives Member States the option to defer the application of what is known as DAC6 by six months... 

Notional Interest Deduction on New Equity: Amendments
18/06/2020

The provisions of the Income Tax Law related to the Notional Interest Deduction (NID) on New Equity were amended...

Deadline for Submission of 2018 Tax Returns Further Extended
25/05/2020

Through a Decree issued on 22 May 2020, the Cyprus Tax Department announced that the deadline is further extended...

EU Commission Proposes Deferral of DAC6 Reporting Deadlines
21/05/2020

The EC published a press release on 8 May 2020 proposing a deferral of the reporting deadlines under DAC6 by three months

Deadline for Payment of Social Insurance Contributions for March 2020 Extended
05/05/2020

The Cyprus Ministry of Labour announced on 2 May 2020 that the deadline for the payment of Social Insurance and related contributions for March...

Cyprus Tonnage Tax System Extension Approved by Parliament
16/04/2020

On 15 April 2020 the Cyprus Parliament voted in the law the extension of the Tonnage Tax system applicable to the shipping industry in Cyprus...

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