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 [...]
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So far Markou has created 35 blog entries.
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 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 [...]
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 [...]
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 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]