Annual Levy for Cyprus Companies – Ετήσιο Τέλος Εταιρειών – Ежегодный сбор 2019
ENGLISH Based on Cyprus Company Law all companies registered in the Republic of Cyprus must pay the Registrar of Companies annual levy for the year 2019 of € 350 [...]
Brexit latest Updates – VIES
Brexit Latest Updates - VIES According to the latest developments, in the absence of a Withdrawal Agreement, the UK will be treated as a non-EU country as of 13 [...]
Submission of 2018 Individual’s Tax Returns
Individuals Tax Resident in Cyprus or earning Cyprus sourced income, need to submit their 2018 Tax Return by the following deadlines: Taxpayer Deadline Employees or pensioners 31 July 2019 [...]
Temporary Tax December 2018
We would like to remind you that the date of payment of the second installment of your temporary tax for 2018 is 31 December 2018. Tax provisions [...]
Deemed Dividend Distribution 2018
We would like to remind you of the Special Defence Contribution tax on the Deemed Dividend Distribution that must be paid to the Cyprus tax authorities by 31 [...]
Increase of Social Insurance and Implementation of National Health Insurance Contributions
Social Insurance Contributions Increase As from 1 January 2019, both employer and employee contributions on insurable earnings to the Social Insurance Fund will increase by 0,5%, from 7.8% (currently) to [...]
Tax Amendments related to Investment Funds in Cyprus
Recently the Cypriot House of Representatives enacted a series of tax bills relating to the taxation of Cypriot investment funds and the introduction of a flat rate of 8% [...]
Restructuring financing structure
The issue We were approached by a foreign advisor in relation to a Cypriot financing structure created a number of years ago. The structure included Cyprus international trusts, Cypriot [...]
Relocation to Cyprus
The issue Our client, an EU citizen high net worth individual with investments and assets spanned around the globe, was looking for a suitable EU jurisdiction to consolidate his [...]
Franchise expansion to the US via Cyprus
The issue Our client is the owner of a multinational restaurant franchise with licensing arrangements and activities in more than 19 countries. He decided to expand the franchise activities [...]