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The Tax Department informs that, on a transfer of real estate ownership or shares of a non-listed company, which directly or indirectly owns real estate property, a fee of 0.4% is imposed for the purposes of the Central Agency for Equal Distribution of Burdens. The...
Cypriot tax resident companies and self-employed with taxable income are required to calculate the 2022 Corporation Tax and proceed with the prepayment of the 2022 Corporation Tax in two equal instalments as follows: 1st Instalment by the 31st July 2022, and 2nd Instalment by the...
Corporate Income Tax return (TD4) and Personal Income Tax return of individuals preparing audited accounts (TD1A) with Tax Year End 2021, are now available for submission through Taxisnet. The last date for submission of the Tax Return Forms is 31st of March 2023. ...
The Tax Department announces that the Tax Return Form of 2021, is now available for submission through the Taxisnet system. Employees, Retirees and Self-employed with a Gross Income that exceeds €19,500, are obliged to submit the personal tax return form for the tax year 2021. ...
The House of Representatives has voted for the extension of the deadline for submitting the tax return for companies (form T.D. 4) and self-employed individuals that have turnover exceeding the amount of €70,000 and have an obligation to prepare audited accounts (Form T.D.1), for the...
The House of Representatives has introduced the requirement for the establishment of the UBO Register for Companies. The Beneficial Owner of a company is defined as the person who ultimately owns or controls the company, directly or indirectly, indicated by a shareholding of 25%...
The Ministry of Finance announces that VAT due on 10th of February 2022, related to the tax period ending on 31/12/2021, can be paid in 3 installments payable on 10/2/2022, 10/3/2022 and 10/4/2022, without the imposition of additional taxes and fines. For the above regulation...
The Department of Registrar of Companies hereby announces that the Minister of Energy, Commerce and Industry, issued a decree on 21 of December 2021 according το Section 391(5)(b) Cap.113, by which, the deadline for payment of the Annual Company Levy by registered companies for the...
Tax Resident Companies of Cyprus must perform a dividend distribution, 70% of their profits for the tax year 2019 until 31 December 2021 and pay the special defense contribution of 17%, as well as GESY contribution of 2.65% until January 31, 2022. If the actual dividend...
The deadline for paying or revising the 2nd installment of Temporary Taxation is the 31st of December, 2021. Companies, Self-employed and other Persons whose income is not subject to withholding tax, may pay the 2nd installment via: JCCSmart, for payments up to 31/12/2021 Internet banking...
The Annual Company Levy of €350 for 2021 is due on the 31st of December 2021. The levy applies to Companies and Cyprus branches of foreign companies. Companies that fail to settle the annual company levy for 2021 before the due date will have to...
Tax Department has announced that the deadline for the submission of the following tax return forms has been extended and no fine will be imposed if submitted by Monday, 6th of December, 2021: Tax Return for Individuals 2020 Tax Return for Self-employed preparing Accounts...
From 13th of September 2021, employers are able to register as employers electronically and also register their employees, through the ERGANI system. The application for registration of an employer is submitted no later than one day before the date when the applicant is expected to...
The Ministry of Labor, Welfare and Social Insurance announced that the Applications for the Special Plans for dealing with the effects of COVID-19, for the period from the 1st of August to 31th of August will be available for submission within the following days. ...
Certain businesses (list may be found below – unfortunately in GR only) will be obliged to accept payments via Bank Cards. Businesses will need to install the POS terminals, by the 18th of September. Newly formed businesses, will need to have installed POS terminals, within...
The Ministry of Labor, Welfare and Social Insurance announced that the Applications for the Special Plans for dealing with the effects of COVID-19, for the period from the 1st of July to 31th of July are available for submission. Applications, are available here. The...
The Tax Department announced that the submission of the Income Tax Return for Individuals 2020, has begun. The forms are available here. Employees, Retirees and Self-employed persons with Gross Total Income for the year 2020 is over €19.500, are obligated to submit the form. The deadline...
The Annual Company Levy payment deadline is postponed to 31st of December 2021. No fines or additional fees will be imposed to the registered companies that have not completed the payment of the Annual Levy before 30th of June 2021. For any clarifications or...
By September 18th 2021, all businesses with the activities listed in the tables below, will be required to accept card payments. Unfortunately, the list is in Greek. For any clarifications or further information, please Contact Us.
The Ministry of Labor, Welfare and Social Insurance announced that the Applications for the Special Plans for dealing with the effects of COVID-19, for the period from the 1st of June to 30th of June are available for submission. Applications, are available here. ...
The Ministry of Labor, Welfare and Social Insurance announced that the Applications for the Special Plans for dealing with the effects of the COVID-19, for the period from the 1st of May to 31st of May will be available for submission on the 28th of...
The Ministry of Labor, Welfare and Social Insurance announces that Employers and Self-Employed persons with Overdue Social Insurance Contributions are able to apply for their repayment in up to 54 Monthly Installments. Applications can be found here. Deadline for submission is 20th of...
The Ministry of Labor, Welfare and Social Insurance will pay tomorrow, the Grant for the companies that suspended their operation during the period 1-15/03/2021. Furthermore, €1000 will also be paid for self-employed who participated for at least three periods in the Special Support Schemes for...
The Social Insurance Services inform have announced the operation of the Scheme of Granted Employees’ Leave for the year 2021. Hotels of the mountain resorts and Pirgos Tillirias will be used for the purposes of the Plan. The available dates for the Holiday...
The applications for the COVID-19 Support Program for the period from April 1st to April 30th will be posted on 26th of April 2021. Beneficiaries are: 1) Employers that their operations have been under mandatory suspension for the above period. 2) Employers with a turnover...
The applications for the COVID-19 Support Program for the period from March 1st to March 31st have been posted. Beneficiaries are: 1) Employers that their operations have been under mandatory suspension for the above period. 2) Employers with a turnover reduction of more than 30%,...
The Ministry of Labor, Welfare and Social Insurance announces: 1) The deadline for submitting an application for payment of contributions of self-employed on real earnings is extended until April 29, 2021. 2) The contributions of Self-Employed for the first quarter 2021 that were...
The applications for the COVID-19 Support Program for the period from February 1st to February 28th have been posted. Beneficiaries are: 1) Employers that their operations have been under mandatory suspension for all or part of February. 2) Employers with a turnover reduction of more...
The Tax Department announces that Businesses with VAT periods ending on 31/12/2020 and 31/1/2021, with VAT payment due dates on 10/2/2021 and 10/3/2021 are able to make those payments in three equal instalments, payable on 10/4/2021, 10/5/2021 and 10/6/2021. (with the exception of those Businesses...
The applications for the COVID-19 Support Program for the period from 1 January to 31 January have been posted. Beneficiaries are: 1) Employers that their operations have been under mandatory suspension for all or part of the month of January. (excluding operations such as...
The Ministry of Finance accepts applications for the Support Plan for companies and self-employed people who are excluded from registration in the VAT Register. Beneficiaries are the Approved Private Tutoring Institutes, that are Members of the Register kept in accordance with the Private School and...
As from today, 25 January 2021, the new Online System, “SISnet”, is the only way of paying Social Insurance Contributions. Through the new system each person can pay their contributions online, from home or from the office, every day and hour of the week,...