Cyprus adopted the European Union Mergers Directive which allows the companies to engage into an approved reorganization scheme. Under an approved reorganization scheme the companies can obtain tax benefits which otherwise they would not – these are to be exempted…
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…
TEMPORARY TAX FOR THE YEAR 2018 This is a kind reminder that you have to pay by 31 December 2018 the second instalment of temporary tax for the year 2018. A company or individual preparing audited financial statements may submit…
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…
VAT on goods (When is considered IN-OUT scope of Cyprus VAT) 1. Intra-community Sale of Goods i.e. within EU borders When a Cyprus company sells goods which are physically located in Cyprus to an EU VAT registered company…
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…
How to achieve maximum profits from your Cyprus or International Company Why should an SME outsource bookkeeping since they can do it in house? To reduce operating costs? To avoid the hustle of screening interviews and frequent training? To avoid…
