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DAC 6 – Further Extension of Period With No Administrative Fines
On 21 September 2021 the Cyprus Tax Department announced an extension to the period over which no administrative fines for…
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Reductions in Cyprus Tonnage Tax for Environmentally Friendly Vessels – Procedure and Arrangements
Through a Circular issued by the Shipping Deputy Ministry on 3 September 2021, the relevant procedure and practical arrangements for…
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Changes to Employment and Social Insurance Regulations
The Cyprus Ministry of Labour, Welfare and Social Insurance has recently announced that on 13 September 2021, the Social Insurance...
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Setting Up in Cyprus: Company-Officers-Premises
We will consider whether to form a company in Cyprus or redomicile a foreign company to the country. We will…
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Extended Deadline for Payment of Residual Income Tax for 2020
Through a directive issued on 30 July 2021 by the Minister of Finance, the a deadline has been extended...
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Income Tax Return for 2020: Further Extension of Submission Deadline
The Cyprus Tax Department has recently announced that the deadline for submission of the Income Tax Return for 2020 will…
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Income Tax Return for 2020: Exemption from Submission
Individuals with annual gross income below €19,500 are exempted from the obligation to submit an income tax return for 2020.
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Extension of Deadline for Payment of Annual Levy for 2021
The Cyprus Registrar of Companies announced on 8 July 2021 that the deadline for payment of the Annual Levy for…
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Registration of Crypto-Asset Providers in Cyprus
Following the transposition of 5th EU Anti-Money Laundering (AML) Directive in to Cyprus Law, providers offering services related to crypto-assets…
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