Announcements
Thursday, 25 June 2020 06:15

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.  The sum to be paid is the amount of EURO 350 and relates to all Cyprus Companies registered up to June 2016 (kindly note that the deadline for the payment to the registrar office is on 30th of June 2016).

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With this circular we would like to inform all of our associates that in 2019, an increase in Social Insurance Fund (SIF) contributions will come in effect 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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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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We would like to inform you of the below important changes in relation to Social Security and National Health System (GESY) contributions and the personal income Tax.

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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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