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
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
21 12, 2020

20% tax exemption for newly residents

2020-12-21T09:49:17+00:00

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 resident outside Cyprus the tax year before the year of commencement of employment [...]

20% tax exemption for newly residents2020-12-21T09:49:17+00:00
15 09, 2020

Amendments to the Assessment and Collection of Taxes Law

2021-03-16T14:28:50+00:00

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 the Commissioner of Taxation increased powers in relation to tax collection. The amendments [...]

Amendments to the Assessment and Collection of Taxes Law2021-03-16T14:28:50+00:00
4 08, 2020

Taxation of P2P Interest Income

2020-08-04T13:06:58+00:00

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 effective tax rate. Upon review, we determined that the majority of his incomes [...]

Taxation of P2P Interest Income2020-08-04T13:06:58+00:00
17 02, 2020

Cyprus Tax Resident Certificate

2020-04-17T10:53:08+00:00

Cyprus Tax Resident Certificate for individuals Introduction We set out below the main requirements and conditions that must be met for an individual to obtain a tax residency certificate from the Cypriot Tax Department. A tax resident certificate is usually requested by foreign tax authorities in order to apply the [...]

Cyprus Tax Resident Certificate2020-04-17T10:53:08+00:00
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