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…
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 October 2020…
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…
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 three months
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 related contributions for March…
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 to the restrictive provisions imposed due to the coronavirus (COVID-19) outbreak, the Registrar announced on 16 April 2020 that the imposition of an administrative fine for late filing of certain forms and notifications will be […]
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 the shipping industry in Cyprus…
Different Easter Holidays
Many of the customs and traditions we have all come to hold so dear during Easter time will not be possible this year
Developments related to the Shipping Industry in Cyprus
The Cyprus Shipping Deputy Ministry announced that the Cyprus Flag Administration has been removed from the US Coast Guard’s targeted flag list…
Measures in Response to the Coronavirus Outbreak voted by Cyprus Parliament
Many business and employment related measures have been voted in to law by the Cyprus Parliament…