Further Extension of Deadline for Payment of Annual Levy for 2021
On 21 December 2021 the Cyprus Registrar of Companies announced that the deadline for payment of the Annual Levy for…
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Introduction of Incorporation Test for Tax Residency and Withholding Taxes
On 9 December 2021 the Cyprus Parliament approved some amendments to the Income Tax law and the law on Special…
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Deemed Dividend Distribution
The Deemed Distribution (DD) provisions apply where a Cyprus tax resident company has not distributed as a dividend at least…
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Protocol to Double Tax Treaty Between Cyprus and Switzerland Entered in to Force
The Protocol, which entered in to force on 3 November 2021, introduces, among others, minimum standards of the OECD Base…
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Holidays Are Coming
There is still a long way to go before we can claim that we got our lives back, but there…
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No Administrative Fines for Submission of Tax Returns until 6 December 2021
The Ministry of Finance of the Republic of Cyprus announced on 1 December 2021 that there will be no imposition…
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DAC 6 – Tax Circular Providing Clarifications on Penalties
On 19 November 2021 the Cyprus Tax Department issued a Circular providing clarifications on the administrative fines imposed for non-compliance…
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DAC 6 – Further Extension to the Imposition of Administrative Fines for Overdue Submission of Information
On 22 November 2021 the Cyprus Tax Department announced a further extension to the period over which no administrative...
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DAC6 – Publication of the official guidelines for implementation in Cyprus
On 29 October 2021 a Decree by the Cyprus Ministry of Finance was published in the Official Gazette of the…
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