Setting Up in Cyprus: Company-Officers-Premises
We will consider whether to form a company in Cyprus or redomicile a foreign company to the country. We will also contemplate alternatives concerning premises, as well as for sourcing and appointing officers for the company.
Extended Deadline for Payment of Residual Income Tax for 2020
Through a directive issued on 30 July 2021 by the Minister of Finance, the a deadline has been extended…
Income Tax Return for 2020: Further Extension of Submission Deadline
The Cyprus Tax Department has recently announced that the deadline for submission of the Income Tax Return for 2020 will be extended further from…
Extension of Deadline for Payment of Annual Levy for 2021
The Cyprus Registrar of Companies announced on 8 July 2021 that the deadline for payment of the Annual Levy for 2021 has been extended from 30 June 2021 to 31 December 2021.
Income Tax Return for 2020: Exemption from Submission
Individuals with annual gross income below €19,500 are exempted from the obligation to submit an income tax return for 2020.
Registration of Crypto-Asset Providers in Cyprus
Following the transposition of 5th EU Anti-Money Laundering (AML) Directive in to Cyprus Law, providers offering services related to crypto-assets were brought within the scope…
Cyprus Implements UBO Register for Trusts
On 18 June 2021 Cyprus has introduced a register for UBOs of Trusts through a Directive issued by the Cyprus Securities and Exchanges Commission…
Foreign Portfolio Investors from Cyprus to obtain Category I License in India
The Indian government has classified Foreign Portfolio Investors (FPIs) from Cyprus as eligible for Category I licence. This classification is expected to…
Double Tax Treaty Between Cyprus and the Netherlands: Details
The Double Tax Treaty provides for the following Withholding Tax rates on dividends, interest and royalties…
Extension of Period Over Which No Administrative Fines Related to DAC6 will be Imposed
The Cyprus Tax Department announced an extension to the period over which no administrative fines for overdue submission of DAC6 information will be imposed.