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DAC6 – Administrative Fines for non-compliance
Newsletters  |   November 29, 2021

DAC6 – Administrative Fines for non-compliance

Circular concerning Administrative Fines On 10 November 2021, the Cyprus Tax Department issued Interpretive Circular 55 (available in Greek) which concerns the imposition of administrative fines for non-compliance with the
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A Further Extension To The Imposition Of Administrative Fines For Overdue Submission Of DAC6 Information
Newsletters  |   November 22, 2021

A Further Extension To The Imposition Of Administrative Fines For Overdue Submission Of DAC6 Information

On the 22nd of November 2021, the Cypriot Tax Department issued an announcement stating that there will be no imposition of administrative fines for the overdue submission of DAC6 information
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Imposition of 10% Additional Tax on Employees with income other than employment remuneration
Newsletters  |   November 9, 2021

Imposition of 10% Additional Tax on Employees with income other than employment remuneration

Interpretive Circular 54 (available only in Greek language) issued by the Cyprus Tax Department on 19 October 2021, concerns the imposition of 10% additional tax for employees with income other
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Submission deadline extension for the 2019 Corporate Income Tax Return and Personal Income Tax Return of individuals
Newsletters  |   October 6, 2021

Submission deadline extension for the 2019 Corporate Income Tax Return and Personal Income Tax Return of individuals

We would like to inform you that in accordance with a Decree issued on 28 September 2021 the following deadlines are extended to 30 November 2021: Electronic submission of the
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A further extension to the imposition of administrative fines for overdue submission of DAC6 information
Newsletters  |   September 23, 2021

A further extension to the imposition of administrative fines for overdue submission of DAC6 information

On the 21st of September 2021, the Cypriot Tax Department issued an announcement stating that there will be no imposition of administrative fines for the overdue submission of DAC6 information
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Submission of 2020 personal income tax returns
Newsletters  |   August 3, 2021

Submission of 2020 personal income tax returns

As per the relevant announcement of the Cyprus Tax Department dated 23 July 2021, individuals can now file their personal Income tax returns for the tax year 2020, via the
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Why are audits important
Publications  |   July 28, 2021

Why are audits important

An audit report is a report addressed to the shareholders of a company and the users of the Financial Statements, by an independent auditor of their assessment of whether the
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Exemption from the obligation to submit a 2020 Tax Return for certain individuals
Newsletters  |   July 15, 2021

Exemption from the obligation to submit a 2020 Tax Return for certain individuals

As per a Decree issued on 09 July 2021, physical persons which during the tax year 2020 earned gross income not exceeding €19.500, are exempted from the obligation to submit
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TAX ALERT: 2021 TEMPORARY TAX
Newsletters  |   June 29, 2021

TAX ALERT: 2021 TEMPORARY TAX

As per the Cyprus tax framework, Cypriot taxpayers have the obligation to self-assess/estimate their tax liability and make relevant settlements in this respect, during the year. For the upcoming deadline
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Further extension to the imposition of administrative fines for overdue submission of DAC6 information
Newsletters  |   June 28, 2021

Further extension to the imposition of administrative fines for overdue submission of DAC6 information

On the 3rd of June 2021, the Cypriot Tax Department issued an announcement stating that there will be no imposition of administrative fines for the overdue submission of DAC6 information
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Global Minimum Tax – Latest Updates

Global Minimum Tax – Latest Updates

Publications November 28, 2022
New exemption rules for new CY employment for individuals

New exemption rules for new CY employment for individuals

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