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
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
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
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