From the Management and Staff of AuditLine Ltd, we extend our warmest wishes for a blessed and peaceful Easter.
Following the Cyprus Tax Reform effective from 1 January 2026, the Tax Department has introduced stricter administrative penalties for tax non-compliance.
A significant update to the Companies Law, CAP. 113, has been passed by the House of Representatives in respect to companies’ submission of financial statements for review instead of audit.Â
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.
Amendments to the Income Tax Law for the implementation of the EU Anti-Tax Avoidance Directive Issue N-7-2019, 9 April 2019.