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Tax Treaty between Cyprus and The Netherlands
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 [...]
Extension to the filing date of tax returns
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 [...]
Extension to the filing date of income tax return for companies and self-employed
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 [...]
0,4% contribution on Cyprus property disposals
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 [...]
Protocol amending the Cyprus Germany Tax Treaty
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 [...]
Notional Interest Deduction rates for 2021
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 [...]
Ultimate Beneficial Owner (UBO) Register in Cyprus
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. [...]
Professional License Fee by Cyprus Municipalities
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 [...]
20% tax exemption for newly residents
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 [...]
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