Payment of Postponed VAT Due to COVID-19 Can Be Made in Instalments
On 2 November 2020, an amendment to the VAT Law was published in the Official Gazette of the Republic, allowing for the said VAT due to be settled in six equal monthly instalments…
Protocol to Double Tax Treaty between Cyprus and Ukraine enters in to force
On 30 October 2019 the Parliament of Ukraine approved the ratification of the protocol amending the Double Tax Treaty between Cyprus and Ukraine…
Seamark Managing Director awarded Honorary Membership of Cyprus Fiduciary Association
During an event organised by the Cyprus Fiduciary Association in the evening of 4 December 2019, George Savvides – Seamark Manging Director…
Cyprus Tax Department Issues Guidance Related to Tax Residency During the COVID-19 Crisis
On 27 October 2020 the Cyprus Tax Department issued Implementing Directive 4, related to tax residency during the COVID-19…
Deadline for Submission of 2019 Personal Income Tax Returns Further Extended
The deadline for submission of the 2019 personal income tax return is further extended to 30 November 2020.
Cyprus Investment Programme to be Terminated
The Cyprus government announced recently that the Cyprus Investment Programme will be terminated as from 1 November 2020.
Setting Up in Cyprus: Hiring/Relocating Personnel
We are examining aspects related to human resources, whether these relate to hiring employees from the local market and/or relocating existing personnel from abroad.
Mini Fund Managers in Cyprus
A new legislation entitled the “Law which provides for the Incorporation and Operation of Small Alternative Investment Fund Managers” came into force on 3 July 2020 in Cyprus.
Updated Publications on Incentives to Invest, Set-up a Business and Relocate to Cyprus
Following the amendments introduced to the Cyprus Investment Programme we have updated our publications…
Country by Country Reporting – 31 December 2020 Deadline
31 December 2020 is the submission deadline for the following Country-by-Country (“CbC”) Reporting obligations in Cyprus…