CYPRUS VAT DIARY – Main Obligations and Deadlines In this VAT newsletter we outline the main obligations and deadlines deriving from the direct VAT (Value Added Tax) legislation in Cyprus. It is of great importance to adhere to all obligations…
SPECIAL DEFENCE CONTRIBUTION LAW DEEMED DISTRIBUTION OF DIVIDENDS As per the Special Defence Contribution Law, Companies which do not distribute at least 70% of their profits after tax, as defined by the relevant tax law, within two years after the end…
Central Bank of Cyprus on “Shell Companies” Further to the circular issue on 14th June 2018 for bank accounts of “SHELL COMPANIES” in Cyprus a revised circular has been issued by the CENTRAL BANK OF CYPRUS on November 5th clarifying the status…
General obligations of a Cyprus Company Given the increasing regulations and compliance/reporting requirements set by the Authorities in the last years, it is now even more important to ensure that your Cyprus Company is fulfilling its obligations deriving from the…
Year end checklist – TAX- VAT Planning can definetely be a holiday wish this season Tax and VAT in Cyprus are always changing and this year specifically it’s more important than ever for Cyprus Companies to better plan their…
Tax Update 29-Sept-2017 The House of Representatives has voted on 29 September 2017 the extension of the deadline for applying for the scheme regarding the settlement of taxes in arrears from 3rd October 2017 to 3rd January 2018. A prerequisite…
Cyprus offers a network of various double tax treaties (CTT) giving business and individuals the benefit while establishing legal entities in Cyprus. Tax Treaties replace the local tax legislation and protect business against double taxation of income earned within Treatie…
D. Marinou & Co Certified Public Accountants (CY) was ranked 27th in a survey carried out by the Gold Magazine and sponsored by the ICAEW. (Gold Magazine April-May Issue: “Top 50 Audit, Accounting & Tax Advisory Firms in Cyprus”) …