Alerts

  • Amendments to Assessment and Collection Constantinos Markou & Co

Amendments to the Assessment and Collection of Taxes Law

September 15th, 2020|

Amendments to the Assessment and Collection of Taxes Law On 20 of August 2020, several amendments were enacted in the  Cypriot Assessment and Collection of Taxes Law. The amendments aim to improve tax compliance and grant [...]

  • Cyprus Russia Protocol

Protocol to the Cyprus-Russia Double Tax Treaty (DTT)

August 15th, 2020|

Protocol to the Cyprus-Russia Double Tax Treaty (DTT) On 10 August 2020, Cyprus and Russia concluded the negotiations of a new protocol to amend the existing provisions of the Cyprus-Russia tax treaty. 15% WHT on dividend [...]

Application of the Anti-Tax Avoidance Directive (ATAD) in Cyprus

August 8th, 2020|

Application of the Anti-Tax Avoidance Directive (ATAD) in Cyprus The ATAD aims to implement the recommendations arising from the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project and also introduce a general anti-abuse rule which is not [...]

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 [...]

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