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So far Markou has created 32 blog entries.
4 06, 2021

Tax Treaty between Cyprus and The Netherlands

2021-06-04T08:57:32+00:00

Tax Treaty between Cyprus and The Netherlands On 1st June 2021, Cyprus and The Netherlands signed a Double Tax Treaty that follows the provisions of the OECD Model Tax Treaty. The Treaty was by the Minister of Finance of the Republic of Cyprus and the Ambassador of The Kingdom [...]

Tax Treaty between Cyprus and The Netherlands2021-06-04T08:57:32+00:00
22 04, 2021

Extension to the filing date of tax returns

2021-04-22T09:52:52+00:00

Extension to the filing date of tax returns In accordance with an amending Assessment and Collection of Taxes law published on 20 April 2021, the following deadlines are extended to 30 September 2021: • Electronic submission of the 2020 personal income tax return (TD1A) of individuals and payment of [...]

Extension to the filing date of tax returns2021-04-22T09:52:52+00:00
16 03, 2021

Extension to the filing date of income tax return for companies and self-employed

2021-03-16T15:20:20+00:00

Extension to the filing date of income tax return for companies and self-employed Α Decree (Κ.Δ.Π. 111/2021) was published in the Republic’s Government Gazette on 12th March 2021 whereby an extension was granted to the filing date of the Income Tax Return for Companies (T.D.4) and Self Employed with [...]

Extension to the filing date of income tax return for companies and self-employed2021-03-16T15:20:20+00:00
8 03, 2021

0,4% contribution on Cyprus property disposals

2021-03-08T12:44:19+00:00

0,4% contribution on Cyprus immovable property disposals On 22 February 2021, a law was published in the Cypriot Official Gazette providing for a contribution of 0,4% on the sale of immovable property in Cyprus. The contribution of 0,4% is payable by the seller of the property and it is [...]

0,4% contribution on Cyprus property disposals2021-03-08T12:44:19+00:00
23 02, 2021

Protocol amending the Cyprus Germany Tax Treaty

2021-03-16T14:29:44+00:00

Protocol amending the Cyprus Germany Tax Treaty On 19 February 2021, Cyprus and Germany signed a Protocol amending the existing Cyprus Germany Tax Treaty. On behalf of the Republic of Cyprus, the protocol was signed by the Minister of Finance, Mr. Constantinos Petrides, and on behalf of the Federal [...]

Protocol amending the Cyprus Germany Tax Treaty2021-03-16T14:29:44+00:00
18 02, 2021

Notional Interest Deduction rates for 2021

2021-03-16T14:29:35+00:00

Notional Interest Deduction rates for 2021 On 12 February 2021, the Tax Department issued an announcement listing the 10-year government bond yield rates as of 31 December 2020 for various countries with respect to the Notional Interest Deduction (NID) on equity. These yield rates are to be used to [...]

Notional Interest Deduction rates for 20212021-03-16T14:29:35+00:00
17 01, 2021

Ultimate Beneficial Owner (UBO) Register in Cyprus

2021-03-16T14:29:25+00:00

Ultimate Beneficial Owner (UBO) Register in Cyprus Cyprus proceeded with the transposition of the 4th AML Directive (EU 2015/849) and started the implementation of the Ultimate Beneficial Owner (UBO) Register of Companies and other legal entities in Cyprus. Registrar of Companies (RoC) The competent authority for the maintenance of the central [...]

Ultimate Beneficial Owner (UBO) Register in Cyprus2021-03-16T14:29:25+00:00
10 01, 2021

Professional License Fee by Cyprus Municipalities

2021-03-16T14:29:12+00:00

Professional License Fee by Cyprus Municipalities As from 2021, the Committee of the Union of Cyprus Municipalities decided on the adoption of a uniform policy for the imposition of the annual professional license fee to legal entities who carry on any business, trade or profession within each municipality’s limits. [...]

Professional License Fee by Cyprus Municipalities2021-03-16T14:29:12+00:00
21 12, 2020

20% tax exemption for newly residents

2020-12-21T09:49:17+00:00

20% tax exemption for newly residents Background Article 8(21) of the Income Tax Legislation provides that the lower of €8.550 and 20% of the remuneration from any employment exercised in Cyprus by an individual who was resident outside Cyprus the tax year before the year of commencement of employment [...]

20% tax exemption for newly residents2020-12-21T09:49:17+00:00
8 12, 2020

Cyprus tax measures expected in 2021

2021-03-16T14:29:02+00:00

Cyprus tax measures expected in 2021 On 22 October 2020, the Cyprus Council of Ministers announced certain tax measures to address aggressive tax planning. These measures follow Country Specific Recommendations (CSR) made to Cyprus by the European Commission. WHT to non-cooperative jurisdictions Currently, Cyprus does not impose any withholidng [...]

Cyprus tax measures expected in 20212021-03-16T14:29:02+00:00
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