Alerts

Taxation of P2P Interest Income

August 4th, 2020|

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 [...]

Changes on the taxation of intangible assets

August 2nd, 2020|

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 [...]

Payment of final tax for 2019

July 29th, 2020|

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 [...]

Payment of 1st provisional tax installment for 2020

July 8th, 2020|

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 [...]

Amendments to the NID rules

June 29th, 2020|

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 [...]

Extended Deadlines for the Submission of 2019 Tax Returns

June 5th, 2020|

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 Incentives for Rent Reductions during 2020

June 2nd, 2020|

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 [...]

Covid19 – Cyprus Government Response

April 11th, 2020|

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 [...]

Cyprus – Kazakhstan Double Tax Treaty

February 3rd, 2020|

Cyprus - Kazakhstan Double Tax Treaty enters into force On 30 December 2019, the President of Kazakhstan signed into Law the Cyprus - Kazakhstan Double Tax Treaty following its ratification by the Kazakh Parliament. The Treaty was previously [...]

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