Tax Webcast July 2018

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 Amending Laws relating to Funds

1. 2 Amending Laws for bank loan restructurings

1. 3 Tax Department announcement for 2018 provisional tax

2. International developments

2. 1 Guidance issued by the Russian Tax Authorities for the application of the beneficial ownership concept

3. Tax Diary for August 2018

1 August 2018

-      Payment of the 2017 tax balance through self-assessment by individuals & companies preparing audited financial statements

31 August 2018

-      Payment of the 2nd instalment of the premium tax for insurance companies for 2018

-      Payment of the 1st provisional tax instalment for 2018


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Please note that the comments made in this presentation, to some extent, are based on material obtained from sources outside Deloitte.

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