The earnings cap for Social Insurance purposes for 2023 has increased to €60,060 per annum (2022: €58,080 per annum).
It is reminded that the contributions an employer is required to make...
Companies with accounting profits for tax year 2020 which fall within the Deemed Distribution (DD) provisions, would have to declare a sufficient amount of dividend, in order to meet the 70% threshold of distributed profits on or before 31 December 2022.
Whether it relates to guarding ourselves from viruses, avoiding war or any other conflict, treatment of refugees, protection of the environment, or any other aspect of our lives, we should not forget that we are all human beings and we all have an equal right of living...
On 1 November 2022 the Cyprus Tax Department issued Tax Circular 10 of 2022, providing clarifications and examples on how the exemptions are applied in practice.
The Limited Liability Shipping Company Law was approved by the Cyprus Parliament on 6 October 2022, enabling the formation of a Limited Liability Shipping Company.
With an announcement on 3 November 2022 the Cyprus Registrar of Companies has notified the intention to proceed with the strike-off of all companies with...
Individuals whose gross annual income is below €19.500 have been exempted from the obligation to submit a personal income tax return for the tax year 2022.
An amending law was published in the Official Gazette of the Republic of Cyprus with respect to the income tax exemptions for employment income, in relation to persons moving to Cyprus for employment.
