Different Easter Holidays…Again!
Although we are all getting tired, both physically and mentally, of this constrained way of life, we need to show some more patience, with the hope that we will soon get back to our normal way of living.
Extension of Deadlines Related to Taxes for 2020
Following an amendment to the Assessment and Collection of Taxes Law published on 20 April 2021, the deadline for submission of the personal income tax return for individuals as well as…
Ultimate Beneficial Owner Register for Cyprus Companies – Extension of Deadline
On 21 April 2021 the Registrar of Companies announced that the deadline for existing companies in order to submit their Ultimate Beneficial Owner data…
Important Changes to the Cyprus Permanent Residence Permit Programme
The Cyprus Permanent Residence Permit Programme became even more attractive with some changes, which became effective on 24 March 2021.
DAC6 Legislation Voted by Cyprus Parliament
On 18 March 2021 the Cyprus Parliament voted into law the provisions of the EU Directive on Administrative Cooperation, commonly known as DAC6.
Ultimate Beneficial Owner Register for Companies – Time to Act
On 12 March 2021, the Registrar issued a directive with guidelines regarding the maintenance and operation of the Register, as well as…
Deadline for Submission of 2019 Tax Returns Extended
The Ministry of Finance of the Republic of Cyprus issued a decree on 12 March 2021 based on which the deadline for submission of…
Cyprus – Russia Double Tax Treaty: Amending Protocol Comes in to Effect
The ratification procedure has been completed and the protocol came in to effect on 15 January 2021 and it is applicable as from…
Reference Interest Rates for 2021 for Notional Interest Deduction on New Equity
The Cyprus Tax Department published on 12 February 2021 the bond yield rates per country as at 31 December 2020 to be considered for the Notional Interest Deduction (NID) to which equity…
Imposition of Administrative Fines Related to Late DAC6 Reporting
On 26 February 2021 the Tax Department announced that there will be no imposition of administrative fines for overdue submission of DAC6 information that will be submitted until the 30 June 2021, related to…