Cyprus Tonnage Tax System Extension – Amendments
As announced back in January the European Commission approved the extension of the Tonnage Tax system applicable to the shipping industry in Cyprus for 10 years starting from…
Reference Interest Rates for 2020 for Notional Interest Deduction on New Equity
The Cyprus Tax Department published on 12 February 2020 the bond yield rates per country as at 31 December 2019 to be considered for…
One Thing in Common
What do all these, otherwise totally diverse and different, entities and persons have in common?
The answer is that they…
Increase in General Healthcare System Contributions
As from 1 March 2020, the respective contributions will increase to 2.90% for employers, 2.65% for employees, 4% for self-employed persons and 4.70% for the state…
Cyprus Companies on the Brink of Forced Strike-Off
Recently notices were sent by the Registrar even for Annual Returns which were submitted in the past, irrespective of the fact that at the time there was no indication of any issue with the particular Annual Returns…
Double Tax Treaty between Cyprus and Kazakhstan enters in to force
Following the ratification of the DTT by Cyprus on 24 May 2019 and the signing of the ratification law in Kazakhstan on 30 December 2019, the treaty entered in to force on 17 January 2020 and it generally applies as from 1 January 2021.
Cyprus ratifies the Multilateral Instrument
On 22 January 2020, the Instrument of Ratification of the Multilateral Convention to Implement Tax Treaty Related Matters to Prevent Base Erosion and Profit Shifting was published in the Official Gazette of the Republic of Cyprus…
Double Tax Treaty between Cyprus and Kazakhstan enters in to force
Following the ratification of the DTT by Cyprus on 24 May 2019 and the signing of the ratification law in Kazakhstan on 30 December 2019, the treaty entered in to force on 17 January 2020 and it generally applies as from 1 January 2021.
Employment and General Healthcare System Contributions for 2020
Social Insurance contributions for 2020 will remain the same as in 2019 whereas contributions to the General Healthcare System (GHS) will be increased as from 1 March 2020.
Employment and General Healthcare System Contributions for 2020
Social Insurance contributions for 2020 will remain the same as in 2019 whereas contributions to the General Healthcare System (GHS) will be increased as from 1 March 2020.