Tax Webcast November 2019
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 Tax bill to exempt the profit from a write-off of a non-performing loan from deemed dividend distribution
1.2 Tax bill to amend the Notional Interest Deduction (NID) provisions of the Income Tax Law
1.3 Tax bill to extend the deadline for entering the scheme regulating the settlement of overdue taxes
2. Tax treaty developments
2.1 Negotiations for the signing of treaties for the avoidance of double taxation between Cyprus – Sri Lanka and Cyprus – Poland.
3. Tax diary for December 2019
31 December 2019
- Filing of revised tax return and payment of the 2nd installment of the 2019 provisional tax.
- Payment of SDC on rents, dividends and interest from sources outside Cyprus for the last six months of 2019.
- Payment of the 3rd installment of premium tax by insurance companies (life business) for 2019.
- Filing CbC Reports for 2018 & CbC Notifications for 2019.
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