NEW TAX LEGISLATION IN CYPRUS

Tax Residency & Permanent Establishment Issues due to the COVID-19 pandemic for Cyprus

On 27 October 2020, the Cypriot Tax Department issued Circular 04/2020 on the application of the provisions on tax residency and permanent establis

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Tax Articles

03 Nov, 2020165

Cyprus Introduces Amendments to the Assessment and Collection of Taxes Laws

On 31 July 2020, the House of Representatives approved amendments to the Assessment and Collection of Taxes Laws.

Tax Articles

06 Aug, 2020443

Cyprus adopts the provisions of the Exit Taxation and Hybrid Mismatches of the EU Anti-Tax Avoidance Directive

On 19 June 2020, the House of Representatives approved the implementation of the remaining two requirements of the EU Anti – Tax Avoidance Directive

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NEW TAX LEGISLATION IN CYPRUS

25 Jun, 2020769

Amendments to the Notional Interest Deduction (NID) rules in Cyprus

The main amendments of the legislation are summarized.

NEW TAX LEGISLATION IN CYPRUS

11 Jun, 2020791

Extension of Deadline for Settlement of Past Due Taxes

Extension of deadline for settlement of past due taxes based on new law passed on 7 February 2020.

NEW TAX LEGISLATION IN CYPRUS

10 Feb, 2020778

The Cyprus Government has ratified the Multilateral Instrument

On 22 January 2020, the Instrument of Ratification of the Multilateral Convention to Implement Tax Treaty Related Matters to Prevent Base Erosion an...

NEW TAX LEGISLATION IN CYPRUS

25 Jan, 2020887

Increase In The Limit of Allowable Deductions For Individuals

Increase in the limit of allowable deductions for individuals from 1/6 to 1/5 of the income as from the year 2019.

NEW TAX LEGISLATION IN CYPRUS

20 Dec, 2019810

Legislation to Introduce the Provisions of the EU Anti–Tax Avoidance Directive in Cyprus

On 5 April 2019 the House of Representatives approved the proposed legislation and the provisions of the new law will apply to tax years starting on...

NEW TAX LEGISLATION IN CYPRUS

06 Apr, 20191938