Extension of DAC6 Reporting Deadlines
On 3 February 2021 the Cyprus Tax Department announced that the EU Directive on Administrative Cooperation, commonly known as DAC6,…
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Reductions in Cyprus Tonnage Tax for Environmentally Friendly Vessel
The Cyprus Shipping Deputy Ministry announced incentives for encouraging emission-reduction and protection of the environment by vessels.
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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...
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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…
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Protocol to Double Tax Treaty between Cyprus and Switzerland approved by Swiss Federal Council
On 11 November 2020, the Swiss Federal Council adopted the Protocol.
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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…
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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…
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Public Interest Rate for 2020
With a decree issued on 20 December 2019, the Minister of Finance of the Republic of Cyprus has set the…
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Christmas Holidays
As we are approaching the festive season we would like to inform everyone that our office will remain closed for…
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