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 [...]

Temporary Tax July 2018 | Προσωρινη Φορολογια Ιουλιου 2018

We would like to remind you that the date of payment of the first installment of your temporary tax for 2018 is 31 July 2018. Tax provisions [...]

Extension for the submission of tax returns

The Cyprus Tax Department circulated an alert informing taxpayers that the submission date for Income Tax Returns for Companies (T.D.4) and Self Employed persons with audited accounts (T.D.1 Acc) [...]

Foreign Tax and 10% extra tax

Summary On 9 February 2018, the Cyprus Tax Department issued Interpretative Tax Circular 18 clarifying that the additional tax of 10% imposed in the case of low self-assessment, shall be calculated [...]

Cyprus Tax Guide 2018

Our Information Sheet Cyprus Tax Guide 2018 summarises the main taxes applicable in Cyprus on companies and individuals. Information Sheet: Cyprus tax Guide 2018

Cyprus Capital Duty

Upon the incorporation of a Cyprus company and any subsequent increase of its share capital, there is capital duty payable at the Registrar of Companies. Set out below is [...]

EU list of non-cooperative tax jurisdictions

On 5 December 2017, the Economic and Financial Affairs Council of the EU (ECOFIN) issued a list of non-EU non-cooperative jurisdictions for tax purposes. The list includes 17 jurisdictions [...]

Russia implemented CRS – Are you ready?

On 27 November 2017, the Russian President signed bill No. 231414-7 (in Russian) effectively enabling the implementation of automatic exchange of information of the Russian Federation with other participating [...]