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So far Markou has created 40 blog entries.
6 05, 2022

Cyprus Jordan Double Tax Treaty entered into force

2022-05-06T08:05:14+00:00

Cyprus Jordan Double Tax Treaty entered into force The Double Tax Treaty between Cyprus and the Kingdom of Jordan (the “Treaty”) entered into force on 11 April 2022. The Treaty, which was signed on 17 December 2021, will enter into effect as from 1 January 2023. The Treaty The [...]

Cyprus Jordan Double Tax Treaty entered into force2022-05-06T08:05:14+00:00
9 02, 2022

Notional Interest Deduction rates for 2022

2022-02-09T21:14:46+00:00

Notional Interest Deduction rates for 2022 The Cypriot Tax Department issued an announcement listing the 10-year government bond yield rates as of 31 December 2021 for various countries with respect to the Notional Interest Deduction (NID) on equity. These yield rates are to be used to determine the reference [...]

Notional Interest Deduction rates for 20222022-02-09T21:14:46+00:00
19 01, 2022

Cyprus measures for EU-blacklisted jurisdictions

2022-01-19T15:37:29+00:00

Cyprus measures for EU-blacklisted jurisdictions Further to our previous post, on 21 December 2021 the Cypriot Income Tax Law and Special Defence Contribution Law were amended for the introduction of defensive tax measures that will apply in Cyprus in relation to jurisdictions included on the EU list of non-cooperative [...]

Cyprus measures for EU-blacklisted jurisdictions2022-01-19T15:37:29+00:00
10 01, 2022

Cyprus revised corporate tax residency test

2022-01-20T09:11:44+00:00

Cyprus revised corporate tax residency test On 21 December 2021, an amendment to the Cypriot Income Tax Law was published whereby an additional corporate tax residency test is introduced based on incorporation. This additional test aims to capture Cyprus incorporated / registered companies that are not tax resident in [...]

Cyprus revised corporate tax residency test2022-01-20T09:11:44+00:00
7 11, 2021

Cyprus Plan for attracting companies in Cyprus

2021-11-08T12:18:51+00:00

Cyprus Plan for attracting companies in Cyprus On 15 October 2021 the Cyprus government presented its Action Plan for attracting companies to operate or expand their activities in Cyprus. The new strategy is in line with the guidelines of the European Commission and the Recovery and Resilience Facility, and its [...]

Cyprus Plan for attracting companies in Cyprus2021-11-08T12:18:51+00:00
24 07, 2021

Extended Deadlines for the Submission of 2020 Tax Returns

2021-07-24T11:54:41+00:00

Extended deadlines for the submission of 2020 personal tax returns On 23 July 2021, the Cypriot Ministry of Finance announced that the 2020 personal income tax return (T.D.1) for employees and pensioners as well as for self-employed persons with turnover below EUR 70,000 and who do not have the [...]

Extended Deadlines for the Submission of 2020 Tax Returns2021-07-24T11:54:41+00:00
24 07, 2021

Payment of 1st provisional tax installment for 2021

2021-07-24T10:59:57+00:00

Payment of 1st provisional tax installment for 2021 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 August 2021. The timely payment of provisional tax can be made through jccsmart.com, the card payment [...]

Payment of 1st provisional tax installment for 20212021-07-24T10:59:57+00:00
24 07, 2021

Payment of final tax for 2020

2021-07-24T10:38:30+00:00

Payment of final tax for 2020 We would like to remind you that the payment deadline for the final tax for the tax year 2020 for companies and self-employed individuals preparing audited financial statements is the 31st of August 2021. Payment of income tax due for 2020  The payment [...]

Payment of final tax for 20202021-07-24T10:38:30+00:00
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
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