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So far Markou has created 18 blog entries.
4 08, 2020

Taxation of P2P Interest Income

2020-08-04T13:06:58+00:00

Taxation of P2P Interest Income Recently we assisted a European private investor relocating to Cyprus. As part of our pre-arrival planning, we reviewed his worldwide incomes to determine his tax position in Cyprus and his global effective tax rate. Upon review, we determined that the majority of his incomes [...]

Taxation of P2P Interest Income2020-08-04T13:06:58+00:00
2 08, 2020

Changes on the taxation of intangible assets

2020-08-02T17:40:21+00:00

Changes on the taxation of intangible assets On 17 July 2020, the Cypriot House of Representatives approved a bill amending the Income Tax Law introducing changes with respect to the taxation of intangible assets. The changes relate to all types of capital-nature intangible assets, other than Intellectual Property (“IP”) [...]

Changes on the taxation of intangible assets2020-08-02T17:40:21+00:00
29 07, 2020

Payment of final tax for 2019

2020-08-02T17:43:08+00:00

Payment of final tax for 2019 We would like to remind you that the payment deadline for the final tax for the tax year 2019 for companies and self-employed individuals preparing audited financial statements is the 31st of August 2020. Payment of income tax due for 2019  The payment [...]

Payment of final tax for 20192020-08-02T17:43:08+00:00
8 07, 2020

Payment of 1st provisional tax installment for 2020

2020-07-08T13:58:38+00:00

Payment of 1st provisional tax installment for 2020 We would like to remind you that the payment deadline for the 1st provisional tax installment for the tax year 2020 is the 31st of July 2020. The timely payment of provisional tax can be made through jccsmart.com, the card payment [...]

Payment of 1st provisional tax installment for 20202020-07-08T13:58:38+00:00
29 06, 2020

Amendments to the NID rules

2020-06-29T19:13:30+00:00

Amendments to the NID rules On 16 June 2020, an amending Income Tax Law (ITL) was published with respect to the Notional Interest Deduction (NID). The revised NID provisions provide increased tax benefits for Cyprus companies financing their operations through new capital and are in line with the recommendations of [...]

Amendments to the NID rules2020-06-29T19:13:30+00:00
5 06, 2020

Extended Deadlines for the Submission of 2019 Tax Returns

2020-06-05T19:51:49+00:00

Extended deadlines for the submission of 2019 personal tax returns In accordance with a Decree issued on 5 June 2020, the following deadlines are extended to 30 October 2020: Electronic submission of the 2019 personal income tax return by employees and pensioners (TD1 - Employee) whose gross income exceeds [...]

Extended Deadlines for the Submission of 2019 Tax Returns2020-06-05T19:51:49+00:00
2 06, 2020

Tax Incentives for Rent Reductions during 2020

2020-06-06T08:15:47+00:00

Tax Incentives for Rent Reductions during 2020 On 2 June 2020, the Cypriot Income Tax Law was amended providing a tax credit to landlords (individuals or companies) so as to voluntarily reduce the rent charged to tenants. The tax credit is equal to 50% of the rent reduction voluntarily [...]

Tax Incentives for Rent Reductions during 20202020-06-06T08:15:47+00:00
12 04, 2020

Case Study: Relocation to Cyprus

2020-04-13T19:30:35+00:00

Relocation to Cyprus Finding a suitable tax friendly jurisdiction The Issue Our client, an EU citizen high net worth individual with investments and assets around the globe, was looking for a suitable EU jurisdiction to consolidate his holdings, relocate his family and become [...]

Case Study: Relocation to Cyprus2020-04-13T19:30:35+00:00
11 04, 2020

Covid19 – Cyprus Government Response

2020-04-15T19:31:42+00:00

Covid19 - Cyprus Government Response Economic Support Measures to mitigate the effects of COVID19 in the Cyprus economy In the context of the measures taken by the government to support companies / businesses affected by the restrictive measures imposed to limit the spread of COVID19 (Coronavirus), the Government [...]

Covid19 – Cyprus Government Response2020-04-15T19:31:42+00:00
13 03, 2020

Case Study: Disposal of IP

2020-04-13T19:41:51+00:00

Disposal of IP Taking advantage of the Cypriot IP Regime The Issue A Cyprus company was the owner of valuable mobile software (IP) used by millions of users in Central Europe. The IP was owned, managed and exploited via a Cyprus company. Once [...]

Case Study: Disposal of IP2020-04-13T19:41:51+00:00

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