12 07, 2022

Payment of 1st provisional tax installment for 2022

2022-07-12T09:07:11+00:00

Payment of 1st provisional tax installment for 2022 We would like to remind you that the payment deadline for the 1st provisional tax installment for the tax year 2022 is the 31st of August 2022. The timely payment of provisional tax can be made through jccsmart.com, the card payment [...]

Payment of 1st provisional tax installment for 20222022-07-12T09:07:11+00:00
19 01, 2022

Cyprus measures for EU-blacklisted jurisdictions

2022-01-19T15:37:29+00:00

Cyprus measures for EU-blacklisted jurisdictions Further to our previous post, on 21 December 2021 the Cypriot Income Tax Law and Special Defence Contribution Law were amended for the introduction of defensive tax measures that will apply in Cyprus in relation to jurisdictions included on the EU list of non-cooperative [...]

Cyprus measures for EU-blacklisted jurisdictions2022-01-19T15:37:29+00:00
10 01, 2022

Cyprus revised corporate tax residency test

2022-01-20T09:11:44+00:00

Cyprus revised corporate tax residency test On 21 December 2021, an amendment to the Cypriot Income Tax Law was published whereby an additional corporate tax residency test is introduced based on incorporation. This additional test aims to capture Cyprus incorporated / registered companies that are not tax resident in [...]

Cyprus revised corporate tax residency test2022-01-20T09:11:44+00:00
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
24 07, 2021

Extended Deadlines for the Submission of 2020 Tax Returns

2021-07-24T11:54:41+00:00

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 [...]

Extended Deadlines for the Submission of 2020 Tax Returns2021-07-24T11:54:41+00:00
24 07, 2021

Payment of 1st provisional tax installment for 2021

2021-07-24T10:59:57+00:00

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 1st provisional tax installment for 20212021-07-24T10:59:57+00:00
24 07, 2021

Payment of final tax for 2020

2021-07-24T10:38:30+00:00

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 [...]

Payment of final tax for 20202021-07-24T10:38:30+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 08, 2020

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

2021-03-16T14:28:39+00:00

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 and interest payments According to the Protocol, the existing withholding tax (WHT) rates [...]

Protocol to the Cyprus-Russia Double Tax Treaty (DTT)2021-03-16T14:28:39+00:00
8 08, 2020

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

2021-02-19T19:47:23+00:00

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 BEPS related. The ATAD includes anti-avoidance measures in the following areas: A General [...]

Application of the Anti-Tax Avoidance Directive (ATAD) in Cyprus2021-02-19T19:47:23+00:00
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