Новости

The Department of Labour has announced a few changes to take place from September 2017. A penalty of €500 will be applied for each employee working without being registered at the social insurance office, this is multiplied by the months of non-registration. Each employer has the responsibility to provide the details of the new employee at the social insurance office …

Certain Tax Law amendments have taken place in July 2015 in order to: Harmonise and align the Cyprus tax system with relevant EU guidelines Simplify the Cyprus tax system and making it more attractive Strengthen the use of Cyprus companies in international tax structuring Provide incentives for investment & relocation to Cyprus Income Tax related: Extension of Exemptions of income …

  Αύξηση των συντελεστών ΦΠΑ από 13 Ιανουαρίου 2014 Από την 13 Ιανουαρίου του 2014 ο κανονικός συντελεστής ΦΠΑ, που εφαρμόζεται στην παροχή αγαθών και υπηρεσιών θα αυξηθεί από 18% έως 19%. Επιπλέον, ο μειωμένος συντελεστής ΦΠΑ, που ισχύει στις υπηρεσίες εστίασης και τροφοδοσίας, τουριστικά καταλύματα και για τη μεταφορά των επιβατών εντός Κύπρος, θα  αυξηθεί από 8% σε 9%. …

  Increase in VAT rates from 13th January 2014 From the 13th January 2014 the standard rate of VAT, which is applicable on the supply of goods and services will be increased from 18% to 19%. In addition, the reduced rate of VAT, which is applicable on restaurant and catering services, tourist accommodation and on the transport of passengers within …

  Foreign individuals who meet certain criteria can now obtain the Cyprus citizenship. In order to be eligible to apply for citizenship, the foreign individual should a) have a clean criminal record, b) have a permanent, privately owned residence of a market value of at least €500.000 plus VAT c) the individual’s name should not be included on any list …

  17/9/2012 We are pleased to announce that our office has been awarded the prestigious Quality Checked Award by the Institute of Certified Public Accountants of Cyprus (ICPAC) in association with the Association of Chartered Certified Accountants (ACCA). Our office is one of the few firms in Cyprus which have been awarded this honor. This award is given to firms …

  Law amending the Income Tax Law The corporation tax rate is increased from 10% to 12.5%- effective 1 January 2013. Pursuant to the Resolution of Credit and other Institutions Law, when the operations of one credit institution are transferred to another, the tax losses of the former will be able to be utilized by the latter for a period …

  Νόμος που τροποποιεί τον Περί Φορολογίας του Εισοδήματος Νόμο Ο συντελεστής του εταιρικού φόρου έχει αυξηθεί από 10% σε 12.5%- ισχύει από 1 Ιανουαρίου 2013. Με βάση τον περί Εξυγίανσης Πιστωτικών και άλλων Ιδρυμάτων Νόμο, για σκοπούς φόρου εισοδήματος, στην περίπτωση όπου οι εργασιές ενός πιστωτικού ιδρύματος μεταφέρονται σε άλλο, επιτρέπεται η μεταφορά φορολογικών ζημιών από το πιστωτικό ίδρυμα …

The House of Representatives has recently voted on various amendments regarding the Special Levy Tax of €350 which is paid by companies. Specifically the following amendments have been made: The maximum amount of €20.000 for groups of companies has been reinstated. The last date of payment for the special levy tax for 2012 is 29th March 2013 Dormant companies or …