Protocol to Double Tax Treaty between Cyprus and Switzerland
On 20 July 2020, an amending Protocol to the existing Double Tax Treaty of 2014 was signed between the Republic…
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Deadline for Payment of Residual Income Tax for 2019
The statutory deadline for the payment of any residual (i.e. after taking in to account any tax which was paid…
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Cyprus Adopts Exit Tax and Hybrid Mismatch ATAD Provisions
On 19 June 2020, the Cyprus Parliament voted into law the provisions of the EU Anti-Tax Avoidance Directives (ATAD I…
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EU Council Approves Deferral of DAC6 Reporting Deadlines
The Directive gives Member States the option to defer the application of what is known as DAC6 by six months...
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Reduction in VAT rate applicable to hospitality and transportation services
The reduction of the VAT rate applicable to the hotel and related accommodation, catering and transportation services from 9% to…
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Notional Interest Deduction on New Equity: Amendments
The provisions of the Income Tax Law related to the Notional Interest Deduction (NID) on New Equity were amended...
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Deadline for Submission of 2019 Personal Income Tax Returns Extended
The Ministry of Finance of Cyprus extended the deadline for submission of the 2019 personal income tax return to 30…
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Deadline for Submission of 2018 Tax Returns Further Extended
Through a Decree issued on 22 May 2020, the Cyprus Tax Department announced that the deadline is further extended...
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EU Commission Proposes Deferral of DAC6 Reporting Deadlines
The EC published a press release on 8 May 2020 proposing a deferral of the reporting deadlines under DAC6 by…
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