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Alerts on tax law amendments and other tax related matters are issued periodically to keep you up-to-date with the latest local tax developments.

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Tax Treaty signed with Saudi Arabia

09 January 2018

On 3 January 2018, Cyprus signed a tax treaty with Saudi Arabia.

The tax treaty is based on the OECD Model Convention and its main provisions are briefly outlined in our alert.
 

Extension to the Law Regulating the Settlement of Overdue Taxes

05 January 2018

Also available in Greek.

Following our previous issue 18/2017, we would like to inform you that on the 3rd of January 2018 an amending law was published in the Official Government Gazette which extends the deadline for the submission of applications to enter the scheme for specific tax liabilities.

Extension of Country-by-Country Reporting Deadlines

11 December 2017

On 11 December 2017, the Cyprus Tax Department (CTD) announced the extension of certain deadlines related to Country-by-Country (CbC) Reporting. Αs 2017 is the first year that CbC filings become due, the extensions will facilitate the compliance of taxpayers with the new legislation.

Deemed Dividend Distribution for 2017

28 November 2017

Also available in Greek.

We would like to remind you of the deemed dividend distribution (DDD) provisions of the Special Contribution for the Defence Law that apply on 31 December 2017.

Amendment to the Law Regulating the Settlement of Overdue Taxes

16 November 2017

Also available in Greek.

The House of Representatives approved an amendment to the Law Regulating the Settlement of Overdue Taxes, which was published in the Official Government Gazette on 13 November 2017.

Imposition of VAT 19% on land transactions for business purposes

06 November 2017

Also available in Greek.

On the 3rd of November 2017, an amendment to the VAT legislation has been voted into Law by the House of Representatives in relation to the imposition of VAT at 19% on land transactions for business purposes. Download full alert for its provisions.

Amendments to the Law Regulating the Settlement of Overdue Taxes

03 October 2017

Also available in Greek.

Following the implementation of the Law Regulating the Settlement of Overdue Taxes (previous issues 5/2017 and 13/2017) an amending law was published in the Official Government Gazette on 22 September 2017. Download full alert for its provisions.

VAT payments to the Authorities can now be made by electronic transfer through online banking

27 September 2017

The Cyprus Tax Department has recently announced that taxpayers from now on will be able to pay their VAT liabilities through online banking.

Specifically the Tax Department has agreed with four major commercial banks (namely Ancoria Bank, Hellenic Bank, Cyprus Co-operative Bank and Bank of Cyprus) to offer to their clients a relevant facility to make VAT payments from their internet banking service. Other commercial banks are expected to introduce this option soon.

Indirect Tax News

Amendments to the Assessment and Collection of Taxes Law

21 July 2017

Also available in Greek.

On 14 July 2017 an amending law to the Assessment and Collection of Taxes Law was published in the Official Government Gazette. Download the full alert for information on the amendments. 

 

Amendment of the term “Cyprus tax resident individual”

17 July 2017

Also available in Greek.

On 14 July 2017, the House of Representatives approved an amendment to the Income Tax Law that extends the definition of “Cyprus tax resident individual”. The amendment applies retroactively as from 1 January 2017.

Submission of provisional tax return for 2017

12 July 2017

Also available in Greek.

Deloitte would like to remind you that the submission deadline for the provisional tax return for 2017 is the 31st of July 2017. 

The following persons have an obligation to submit a provisional tax return:

• Individuals with taxable income other than salaries, pensions, dividends and interest (ΤD5)
• Companies with taxable income (ΤD6)
 

 

VAT repayments (refunds) by electronic transfer

06 July 2017

The Tax Department has recently announced a new development in relation to VAT repayments (refunds).

The Tax Department will soon introduce the electronic transfer of VAT repayments to taxable persons via bank transfer. The issuing of bank cheques which is the current practice will be terminated following the implementation of electronic transfers.
 

New rules for taxation of intra-group financing arrangements

03 July 2017

On 30 June 2017, the Cyprus Tax Department (“CTD”) issued a Circular with respect to the new rules for the taxation of intra-group financing arrangements which apply from 1 July 2017. The new Circular provides for the application of transfer pricing methodology to such activities based on the arm’s length principle as advocated by the OECD.

Notification under the law regulating the settlement of overdue taxes

27 June 2017

Also available in Greek.

On 23 June 2017, and following the voting of the law on 3 February 2017, the Notification under the law regulating the settlement of overdue taxes was published in the official gazette. The Notification provides details of the process and the years to which the scheme will apply as well as the discounts to be provided.

Revised Decree on Country-by-Country Reporting issued by the Cyprus Minister of Finance

30 May 2017

Following the relevant announcement of the Cyprus Tax Department in February this year, the Cyprus Minister of Finance issued on 26 May 2017 a Revised Decree on Country-by-Country (CbC) Reporting, under the powers conferred by Section 6(16) of the Assessment and Collection of Taxes Law. The Revised Decree replaces the initial Decree which was issued on 30 December 2016.

Tax treaty signed with Luxembourg

23 May 2017

Cyprus and Luxembourg signed a tax treaty on 8 May 2017. The treaty is expected to strengthen economic ties between the two EU member states. 

Tax Treaty signed with Barbados

15 May 2017

On 3 May 2017, Cyprus signed a tax treaty with Barbados, which was published in the Gazette on 12 May 2017. The conclusion of the Cyprus - Barbados tax treaty is expected to enhance the economic relations between the two countries, which both have a service-based economy.

 

 

Extension of the submission deadline for the 2016 personal income tax return for salaried individuals

25 April 2017

Also available in Greek.

The Tax Department announced the extension of the submission deadline for the 2016 personal income tax return for salaried individuals.

Cyprus-Iran Tax Treaty effective from 1 January 2018

07 April 2017

The tax treaty signed between Cyprus and Iran on 4 August 2015 entered into force on 5 March 2017 and its provisions will come into effect as from 1 January 2018. 

Intra-Group Financing Arrangements

06 March 2017

Last month, the Cyprus Tax Department (CTD) informed the Institute of Certified Public Accountants of Cyprus (ICPAC) of its intention to terminate the application of the pre-agreed minimum profit margins of 0.125% – 0.35% on qualifying intra-group back to back financing arrangements, with effect from 1 July 2017. Read more information in the full alert.

New Law Regulating the Settlement of Overdue Taxes

09 February 2017

Also available in Greek.

On 27 January 2017, the Cyprus Parliament approved a new Law (“the Law”) which provides a scheme that regulates the settlement of overdue taxes. The Law was published in the Gazette on 3 February 2017 and its main provisions are analyzed in the full alert document.

New tax incentives granted for investment in innovative SMEs

31 January 2017

The tax incentives aim to support start-ups in developing innovative products and services and strengthen the Cypriot entrepreneurial ecosystem. The new incentives are effective from 1 January 2017 and replace the previous incentives that were available to investors until 31 December 2016.

Cypriot authorities issue detailed provisions on Country-by-Country Reporting

16 January 2017

On 30 December 2016, the Cyprus Minister of Finance issued a Decree with respect to Country-by-Country (CbC) Reporting, under the powers conferred by Section 6(16) of the Assessment and Collection of Taxes Law.

The Decree interposes the EU Council Directive 2016/881 (“the EU Directive”) into the Cyprus legislation, and thus its provisions are closely aligned to the global standards on CbC Reporting as laid out in the Action 13 Report of the OECD/G20 BEPS Project.
 

Deemed Distribution for 2016

16 January 2017

Also available in Greek.

We would like to remind you of the deemed distribution provisions of the Special Contribution for the Defence (“SDC”) Law. These provisions apply to the profits of Cypriot tax resident companies attributable to Cypriot tax resident domiciled shareholders. 

Postponement of the provisions of the Protocol amending Article 13 “Capital Gains” of the Cyprus – Russia Tax Treaty

30 December 2016

Also available in Greek.

The Ministry of Finance announced that an agreement has been reached between the Russian Authorities and the Authorities of Cyprus for postponing the application of the Protocol amending Article 13 of the Agreement between the Government of the Republic of Cyprus and the Government of the Russian Federation for the Avoidance of Double Taxation with respect to taxes on income and on capital, which was signed on the 7th of October 2010.

Country-by-Country Reporting

29 December 2016

Also available in Greek.

Following the signing of the Multilateral Competent Authority Agreement on the exchange of Country by Country Reports on the 1st of November 2016, with member states of the Organization of Economic Cooperation and Development, the Cyprus Ministry of Finance has announced its intention to issue a Decree by the end of 2016, pursuant to Article 6(16) of Assessment and Collection of Taxes Law.

Cyprus Domicile Diagnostic Test

20 December 2016

Are you an individual living in Cyprus but you are uncertain whether you are subject to Special Defence Contribution (SDC)?

Try our domicile diagnostic test in order to determine your domicile status and ultimately whether you are subject to SDC.

Electronic submission of VAT returns becomes compulsory from 2nd of May 2017

20 December 2016

Deloitte would like to inform all VAT registered companies and individuals that the electronic (online) submission of VAT returns will become compulsory as of 2nd of May 2017. The relevant Legislation was published in the Cyprus Gazette on 16 December 2016.
 

Revised Provisional Tax Returns and payment of the second provisional tax instalment for 2016

15 December 2016

We would like to remind you of the opportunity provided in the Assessment and Collection of Taxes Law to submit a revised provisional tax return prior to the year-end as well as of the obligation to pay the second provisional tax instalment.

 

Revised tax treaty signed with India

28 November 2016

Following the completion of the negotiations between Cyprus and India on 29 June 2016, the two countries signed a revised tax treaty on 18 November 2016, which was published in Cyprus’ Gazette on 25 November 2016. The new treaty will replace the existing treaty which was concluded back in 1994. 

Amendments to Cyprus’s IP regime

31 October 2016

On 14 October 2016, the House of Representatives enacted into law significant amendments to Cyprus’s “IP regime”. The amendments introduced in the Income Tax Law (ITL) were published in the Gazette on 27 October 2016 and provide for the gradual phase out of the current IP regime and the introduction of a new IP regime that is in line with the latest international developments on the taxation of IP income and OECD’s action plan on fighting base erosion and profit shifting (BEPS). The ITL amendments are supported by Regulations which provide detailed guidance in the calculations and application of the new IP regime.

 

Tax treaty signed with Jersey

08 August 2016

On 11 July 2016, Cyprus signed a tax treaty with Jersey, a Crown dependency of the United Kingdom, which was published in the Official Cyprus Government Gazette on 5 August 2016.

 

Immovable Property Tax 2016

27 July 2016

Also available in Greek and Russian.

On 14 July 2016, the House of Representatives approved changes to the Immovable Property (IMP) Tax Law. The amendments, which were published in the Official Government Gazette on 25 July 2016, reduce the immovable property tax burden for tax year 2016 by up to 75% and abolish the immovable property tax as from 2017.
 

 

Provisional Tax Returns for 2016

14 July 2016

Also available in Greek.

Deloitte would like to remind you that the submission deadline for the provisional tax return (Forms T.D.5 & T.D.6) for tax year 2016 is 31 July 2016.

All companies with taxable income as well as individuals earning income other than from employment, dividends and interest, are required to submit a provisional tax return.
 

Cyprus and India successfully complete revised tax treaty negotiations

1 July 2016

According to an announcement issued by the Cyprus Ministry of Finance (MoF) on 29 June 2016, the negotiation of the tax treaty between Cyprus and India has been successfully completed.

Following the above development, a revised treaty is expected to be signed between the two countries in the coming months.

 

Tax Treaty signed with Latvia

6 June 2016

On 24 May 2016, Cyprus signed its first tax treaty with Latvia, an EU member state bordered by Belarus, Estonia, Lithuania and Russia.

Cyprus - Bahrain tax treaty effective from 1 January 2017

3 June 2016

On 9 March 2015, Cyprus signed its first tax treaty with the Kingdom of Bahrain. Following the completion of the relevant ratification procedures, the tax treaty entered into force on 26 April 2016 and it will apply as from 1 January 2017.

Cyprus Ministry of Finance announcement with respect to Country by Country Reporting

28 April 2016

On 27 April 2016 the Ministry of Finance of Cyprus announced its intention to amend the legislative framework in Cyprus in relation to Country-by-Country Reporting following the draft European Union Directive amending Directive 2011/16/EU, which is expected to be approved at the EU Finance Ministers Council meeting on 26 May 2016.

Administrative Fee for the Issuance of a Ruling on Tax Matters

27 April 2016

Also available in Greek.

Deloitte would like to inform you that following the Decree issued by the Council of Ministers regarding the imposition of a fee for the issuance of a tax ruling, the Tax Authorities have announced further details in relation to the practical application of the Decree.

Administrative Fee for the Issuance of a Ruling on Tax Matters

26 April 2016

Also available in Greek.

The Council of Ministers issued an Income Tax Law Decree, which was published in the Gazette on 22 April 2016. According to the Decree and the provisions of Article 44Α of the Income Tax Law, for the issuance of a tax ruling by the Commissioner of Taxation, a fee of €1.000 will be payable to the Tax Authorities by the taxpayer.

In case the taxpayer requests for the issuance of the tax ruling to be expedited, then the fee increases to €2.000.

Further details regarding the practical application of the Decree will follow as soon as they are made available by the Tax Department.

Extension of the electronic submission deadline of income tax returns

12 April 2016

The alert follows in Greek.

Deloitte would like to inform you that the House of Representatives voted into law the extension of the electronic submission deadline of the income tax return for companies (I.R.4) and self-employed individuals (I.R.1) preparing financial statements for the tax year 2014, until 30 April 2016.

We are at your disposal to assist you with the preparation and submission of your income tax returns.

 

Επέκταση προθεσμίας ηλεκτρονικής υποβολής φορολογικών δηλώσεων

Η Deloitte σας ενημερώνει ότι η Βουλή των Αντιπροσώπων ψήφισε σε νόμο την επέκταση της προθεσμίας ηλεκτρονικής υποβολής δήλωσης εισοδήματος για εταιρείες (Ε.Πρ.4) και αυτοεργοδοτούμενους (Ε.Πρ.1) που ετοιμάζουν λογαριασμούς για το φορολογικό έτος 2014, μέχρι τις 30 Απριλίου 2016. 

Οι φορολογικοί σύμβουλοι της Deloitte είναι στη διάθεσή σας να σας βοηθήσουν με την συμπλήρωση και την υποβολή των φορολογικών σας δηλώσεων.

Tax Treaty signed with Ethiopia

20 January 2016

On 30 December 2015, Cyprus signed a tax treaty with Ethiopia for the avoidance of double taxation, which was published in the Official Cyprus Government Gazette on 18 January 2016.

This is the fifth tax treaty that Cyprus signed with an African country (the others being Egypt, Mauritius, Seychelles and South Africa). The signing of this treaty is a reflection of the Government’s objective to expand Cyprus’ tax treaty network within Africa.

The tax treaty is based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital and its main provisions are briefly outlined in the full alert.

Tax law amendments regarding loan restructurings

11 January 2016

Also available in Greek.

On 16 December 2015, the House of Representatives enacted into laws a number of significant tax law amendments regarding loan restructurings, which were published in the Official Cyprus Government Gazette on 31 December 2015.

The amendments facilitate tax free loan restructurings and aim to encourage the restructuring of non-performing loans (NPLs).

We briefly outline in the full alert the main provisions with respect to the various tax law amendments.

Significant amendments to the Cyprus tax legislation

22 December 2015

Also available in Greek.

On 10 December 2015, the House of Representatives voted into law a number of expected tax law amendments that were published in the Government Gazette on 17 December 2015. 

Download the full alert to read the analysis of the main tax law amendments.

2015 European Tax Survey

4 December 2015

What keeps tax directors awake at night? What are the key measures for success? And how prepared for the implementation of the BEPS Action Plan are tax professionals in Europe?

Deemed distribution for 2015

6 November 2015

Also available in Greek.

We would like to remind you of the deemed distribution provisions of the Special Contribution for the Defence (“SDC”) Law. These provisions apply in cases where a Cypriot company with Cypriot tax resident domiciled shareholders has not distributed at least 70% of the accounting profits earned for a specific year. These provisions do not apply to the proportion of profits attributable directly or indirectly to non-Cypriot tax resident shareholders or to Cypriot tax resident shareholders that are not Cypriot-domiciled.

Cyprus - Switzerland tax treaty enters into force

5 November 2015

Following the completion of the relevant ratification procedures and the exchange of notifications between the two countries, the tax treaty signed between Cyprus and Switzerland entered into force on 15 October 2015 with the treaty provisions with respect to withholding taxes coming into effect on 1 January 2016. 

Global Forum on Transparency and Exchange of Information for Tax Purposes

2 November 2015

On 30 October 2015, the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) released the ratings for the jurisdictions for which the latest round of reviews was completed. Cyprus, having undergone both the Phase 1 and the Phase 2 reviews, has now been awarded an overall rating of “largely compliant”.

Immovable Property Tax 2015

21 September 2015

Also available in Greek.

With an amendment to the Immovable Property Tax Law, the deadline for paying the immovable property tax for 2015 is extended from 30 September 2015 to 31 December 2015. 

Implementation of the IGA signed between the Government of the Republic of Cyprus and the United States Department of the Treasury regarding FATCA

31 August 2015

The Cyprus Finance Minister published a decree on Thursday, 28 August 2015, with which, the intergovernmental agreement (IGA) signed between the Government of the Republic of Cyprus and the US Department of the Treasury (the US Treasury) for the purposes of the Foreign Account Tax Compliance Act (FATCA) will be implemented.

Cyprus signed a Tax Treaty with Iran for the avoidance of double taxation

5 August 2015

On 4 August 2015, Cyprus signed a tax treaty with Iran for the avoidance of double taxation.

The tax treaty is based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital and its main provisions are briefly outlined in the attached alert.

Cyprus Tax Law Amendments

22 July 2015

Also available in Greek and Russian.

On 9 July 2015, the House of Representatives enacted into laws a number of significant tax law proposals which were published in the Cyprus Government Gazette on 16 July 2015.

The amendments to the Cyprus Tax Legislation are in an effort to modernize the framework of the Cyprus tax system and improve Cyprus’ competitiveness in attracting foreign investments.

We briefly outline in the attached alert the main provisions with respect to the various tax law amendments.

Proposed Cyprus Tax Law Amendments

2 July 2015

Also available in Russian.

Following President Anastasiades’ announcement yesterday at the Annual General Meeting of the Institute of Certified Public Accountants of Cyprus (ICPAC), of a number of tax law proposals approved by the Council of Ministers, the Ministry of Finance has today announced the submission of some proposals to the House of Representatives.

Provisional Tax Returns 2015

22 June 2015

Also available in Greek.

The provisional tax returns (Forms I.R.5/6) for the tax year 2015 should be completed where applicable and submitted to the Tax Department on or before 31 July 2015.

Cyprus – Georgia Tax Treaty for the avoidance of double taxation

2 June 2015

On 29 May 2015, the tax treaty for the avoidance of double taxation signed between Cyprus and Georgia was published in the Official Gazette.

 

Submission of the immovable property tax form in case of sale without the issuance of a title deed and/or transfer of the property

20 April 2015

Also available in Greek.

European Tax Survey 2014

5 December 2014

In order to understand the impact of economic and financial trends and the potential impact of change on the tax department of today, as viewed by tax professionals across Europe, Deloitte has undertaken its second annual European Tax Survey.

The findings of the survey can be downloaded from here

Deemed Distribution for 2014

5 December 2014 

Also available in Greek.

The deemed distribution provisions apply in cases where a Cypriot company with Cypriot tax resident shareholders has not distributed at least 70% of the accounting profits earned for a specific year. These provisions do not apply to the proportion of profits attributable directly or indirectly to non-Cypriot tax resident shareholders.  

New Double Tax Treaties signed and published in the Gazette

29 August 2014

Cyprus has recently signed double tax treaties (DTTs) with Switzerland and Guernsey. The DTTs were published in the Gazette on 30 July and 14 August 2014 respectively.

The treaties will contribute to the development of Cyprus’ trade and economic relations with the two countries and are useful tools for attracting inbound and structuring outbound investments to and from Cyprus.

Amendments to the Immovable Property Tax Law

8 August 2014

Also available in Greek.

The Immovable Property Tax (Amending) Law was published in the Gazette on 11 July 2014 and its provisions are effective from 1 January 2014. According to the amended Law, the immovable property tax continues to be imposed on an annual basis on all immovable property situated in Cyprus. The tax is imposed on the value of immovable property as at 1 January 1980 owned by each person as at 1 January and the applicable bands and rates remain the same as in tax year 2013. No such tax is imposed on immovable property situated outside Cyprus.

Amendments to the Collection of Taxes Law

1 August 2014

Also available in Greek.

In the Government’s effort to enhance its ability to collect taxes, the House of Representatives voted for specific amendments to the Collection of Taxes Law. The amendments are effective from 20 June 2014, and apply to taxes that have been agreed both before and after 20 June 2014.

Amendments to the Assessment and Collection of Taxes Law

11 July 2014

Also available in Greek.

Based on the Memorandum of Understanding between the Republic of Cyprus and the Troika, the House of Representatives voted specific amendments to the Assessment and Collection of Taxes Law. The amendments were published in the Gazette on 20 June 2014 and provide among others for the following:

• the obligation of all individuals to pay any remaining income tax due as calculated in their income tax return via self-assessment and

• the imposition of stricter penalties to officers of companies, in case of omission/failure to pay taxes due

New Double Tax Treaty signed between Cyprus and Norway and published in the Gazette

9 July 2014 

On 20 June 2014, the double tax treaty (DTT) signed between the Republic of Cyprus and the Kingdom of Norway was published in the official Government Gazette. 

Annual Returns (HE32) - Financial Statements - Annual Levy for the years 2012 – 2013 and 2014

24 June 2014

In addition to the announcement dated 27 May 2014, the Department of Registrar of Companies and Official Receiver announced that all registered companies must until 30/06/2014:

(1) Pay any amounts due for the annual levy for the years 2012 and 2013 and,
(2) File all Annual Returns due (HE32) together with the corresponding Financial Statements.

Please click here for the relevant link to the Department of Registrar of Companies and Official Receiver website.

In addition the Department of Registrar of Companies and Official Receiver announced that as from 2nd April 2014 the payment of the annual levy of three hundred and fifty euros (€350) for the years 2011 and 2014 can be done only through the Department’s website and through JCC smart.

NO payment of the annual levy for the years 2011 and 2014 is possible at the Department’s Cashiers office.

Please click here for the relevant link to the Department of Registrar of Companies and Official Receiver website. 

Provisional Tax Returns 2014

24 June 2014

Also available in Greek.

Following the recent e-mail notices sent by the Cyprus Tax Authorities (IRD) regarding the 2014 provisional tax returns, Deloitte would like to remind you that the 2014 provisional tax returns (Forms I.R.5/6) should be completed where applicable and submitted to the IRD on or before 31 July 2014.

Abolishment of domestic capital controls, and the financial assistance programme for Cyprus

4 June 2014

On 02 June 2014 the Cyprus government lifted all domestic capital restrictions imposed last year. Furthermore, the Troika group of lenders have conducted their fourth quarterly review of Cyprus’ economic adjustment programme with very positive comments. 

Deloitte: Cyprus Tax Firm of the Year for 2014

23 May 2014

Also available in Greek.

Deloitte Cyprus received the “Cyprus Tax Firm of the Year” award for 2014, at the 10th Annual International Tax Review (ITR) European Tax Awards. Deloitte Cyprus was presented with the award at a ceremony which took place in London on the evening of 21 May 2014. This is the second consecutive year that Deloitte Cyprus receives this highest international recognition.

FATCA (Foreign Account Tax Compliance Act) Update

29 April 2014

Also available in Greek

On 25 April 2014 the U.S. Department of Treasury has announced that Cyprus is within the jurisdictions that have reached into an Intergovernmental Agreement (“IGA”) with the U.S. Department of Treasury to improve International Tax Compliance with respect to FATCA effective as of 22 April 2014.

Last submission date for the Income Tax Return for Companies (I.R.4A) for the tax year 2012

24 March 2014

Available in Greek below.

The Inland Revenue Department (IRD) has announced that the last submission date for the Income Tax Return for Companies (I.R.4A) for the tax year 2012 is postponed to 30 June 2014.

Please click here for the relevant link to the IRD website. 

Τελευταία ημερομηνία υποβολής Δήλωσης Εισοδήματος Εταιρείας (Ε.Πρ.4) για το φορολογικό έτος 2012

Το Τμήμα Εσωτερικών Προσόδων (ΤΕΠ), έχει ανακοινώσει ότι η τελευταία ημερομηνία έγκαιρης ηλεκτρονικής υποβολής της Δήλωσης Εισοδήματος Εταιρείας (Ε.Πρ.4) για το φορολογικό έτος 2012 παρατείνεται στις 30 Ιουνίου 2014.

Παρακαλώ πατήστε εδώ για τον σχετικό σύνδεσμο στην ιστοσελίδα του ΤΕΠ. 

Decrease of Public Interest Rate 

14 February 2014

With effect from 1 January 2014, the Public Interest Rate with respect to overdue tax and refunds has decreased from 4.75% to 4.5% per annum.

Requirement for submission of Form I.R.614A – Payment of defence contribution withheld on rents

9 January 2014

Also available in Greek.

The Inland Revenue Department (IRD) has recently issued form I.R. 614A – payment of defence contribution withheld on rents. 

New agreements for the avoidance of double taxation

8 January 2014

With effect from 1 January 2014, four new agreements for the avoidance of double taxation (DTA) between Cyprus and other countries have come into force. 

Tax changes effective from 1 January 2014

7 January 2014

Also available in Greek.

We would like to remind you of certain tax changes effective from 1 January 2014 with regards to the Special Contribution on Salaries and Pensions, the Contribution to the Social Insurance Fund and the Special Contribution for Defence on Dividends. 

 

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