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May 27, 2019
AMENDMENTS EU ANTI-TAX AVOIDANCE DIRECTIVE

Amendments to the Income Tax Law for the implementation of the EU Anti-Tax Avoidance Directive Issue N-7-2019, 9 April 2019...

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January 21, 2019
SIF INCREASE & NHIS CONTRIBUTIONS COMMENCE (2019)

An increase in Social Insurance Fund (SIF) contributions will come in effect in 2019 and that contributions for the implementation of the National Health Insurance System (NHIS) will commence on the 1st of March 2019.

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March 10, 2017
ABOLISHMENT OF MINIMUM MARGINS ON BACK-TO-BACK LOANS

In accordance with a letter issued by the Cyprus Tax Department (CTD) to the Institute of Certified Public Accountants of Cyprus (ICPAC), the guidance as to the minimum profit margins the CTD would be willing to accept in back-to-back loan transactions (“the back-to-back regime”) will be abolished as of 1 of July 2017....

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June 13, 2016
ANNUAL LEVY (YEAR 2016)

Please note that payment of the Annual Levy for 2016 is due and must be paid prior to 30 June 2016...

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June 1, 2015
ANNUAL LEVY (YEAR 2015)

Please note that payment of the Annual Levy for 2015 is due and must be paid prior to 30 June 2015...

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August 10, 2015
TAX UPDATES (JULY 2015)

Cyprus introduced significant changes to its tax regime. Last week a significant number of measures were approved and published in the Cyprus Government Gazette which were enacted into law and are effective from the 16th of July 2015…

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