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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Deadline for Payment of Social Insurance Contributions for March 2020 Extended
The Cyprus Ministry of Labour announced on 2 May 2020 that the deadline for the payment of Social Insurance and…
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Imposition of Penalties for Late Filing by Registrar of Companies – Revised Effective Date Announced
Further to our previous newsfeed on the measures announced by the Cyprus Registrar of Companies (the “Registrar”) for supporting businesses in response…
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Cyprus Tonnage Tax System Extension Approved by Parliament
On 15 April 2020 the Cyprus Parliament voted in the law the extension of the Tonnage Tax system applicable to…
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Different Easter Holidays
Many of the customs and traditions we have all come to hold so dear during Easter time will not be…
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