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 fee...
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...
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. Our firm offers the...
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 last date...
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% + 1...
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 to...
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 distribution is...
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 In...
