NEW TAX LEGISLATION IN CYPRUS

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.

06 Aug, 202036

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, 2020318

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, 2020442

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, 2020587

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, 2020704

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, 2019611

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, 20191754

New Amendments to the Tax Legislation on Loan Restructuring

The House of Representatives at its meeting on 1 March 2019 voted proposals made by members of the House aimed at eliminating distortions in taxatio...

NEW TAX LEGISLATION IN CYPRUS

05 Mar, 20191419