Tax Alert concerning Deemed Dividend Distributions for the profits of tax year 2019
Cyprus tax resident companies are deemed to have distributed at least 70% of their 2019 DDD-adjusted profits, by 31 December 2021 and settle relevant SDC and/or GHS (if any) by
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
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
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