Tax Webcast January 2020
Cyprus Tax Webcasts
Welcome to our 5 minute tax update broadcasted monthly. The aim of our tax webcasts is to provide a brief summary of local and international tax events impacting Cyprus.
In this Tax Webcast, we cover the following topics:
1. Local tax developments
1.1 Extension of tax free loan restructurings
1.3 Amending SDC law for Deemed Dividend Distributions
1.4 Amending Income Tax law for the resolution of double taxation disputes
1.5 Tax bill to extend the scheme for investment in innovative business
2. Tax treaty developments
2.1 Ratification by Kazakhstan of the treaty for the avoidance of double taxation between Cyprus - Kazakhstan
2.2 Negotiations for the signing of revised treaties for the avoidance of double taxation between Cyprus – Poland and Cyprus – France
3. International developments
4. Tax diary for January 2020 and February 2020
31 January 2020
- Submission of the deemed dividend distribution declaration for the tax year 2017
- Payment of the 2nd instalment of the 2019 provisional tax, without incurring any interest
28 February 2020
- Submission of objections on assessments issued in December 2019
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