2020 Cyprus employment support schemes
Updated 23/10/2020 Cyprus | On 7/10/2020 the Council of Ministers approved proposals of the Minister of Labour, Welfare, and Social...
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New coronavirus support plans for September 2020
These plans are aimed to support mainly the Tourism industry and the related/associated companies that are affected by the sharp decline...
2019 income tax declaration submission
The Tax Department announced that the Individual Income Tax Return for the tax year 2019 is available for submission through the TaxisNet...
Cyprus – Amendment of Assessment and Collection of Taxes Law
A bill amending the Assessment and Collection of Taxes Law was passed on the 31st of July and was published in the Cyprus Government...
Various Amendments to the VAT law
Various Amendments to the VAT law On 20 August 2020, the Cyprus Parliament passed the below amendments to the VAT law which officially...
Intellectual Property system in Cyprus amended
The following amendments are effective from 1 January 2020. Existing provisions – Summary Intellectual Property capital expenditure is...
Cyprus – Russia Double Tax Treaty Amendment
On 10 August 2020, Cyprus and Russia concluded the negotiations of a new protocol to modify the existing provisions of the Cyprus-Russia...
August 2020 coronavirus support plans available
The Ministry of Labour announced the new plans for the support of companies and employees affected by the new coronavirus. These plans...
July 2020 coronavirus support plans available
Cyprus | The Ministry of Labor published in the Official Gazette of the Republic the new plans for the support of companies and employees...
P. Constantinou & Co Ltd listed among Top 300 companies based in Limassol
Gold magazine, considered the best English-language source for business news in Cyprus, has published in its July 2020 edition a special...
Extension for special plans July 2020
Extension for the special plans until July 9th 2020. Cyprus: The Ministry of Labour, Welfare, and Social Security announced that it...
Cyprus: New tax portal launched by Tax department (login with TAXISnet)
The Tax Department launched (June 2020) its new tax portal that will be the new point of contact between taxpayers and the Tax...
2020 Temporary tax first installment
Companies that expect to have taxable income for the year 2020 must pay the first installment of the temporary tax by 31 July 2020. Note...
Hospitality sector VAT reduced for six months only
The Council of Ministers has decided on an ad-hoc and temporary measure to help businesses and stimulate demand in the food and...
Cyprus Companies Law changes to benefit small companies
Cyprus, June 2022. the House of Representatives passed an amending Law, changing the Cyprus Companies Law. The purpose of the changes is...
P. Constantinou & Co Ltd listed among Biggest Audit, Accounting, Tax and Advisory firms in Cyprus
Gold magazine, considered the best English-language source for business news in Cyprus, has published in its June 2020 edition a special...
Deadline for settlement of taxes through self-assessment
The 30th of June 2020 is set as the final date to settle taxes through self-assessment for Special Contribution for Defence on rents,...
2020 Tax incentives to property owners
2020 Tax incentives to property owners in Cyprus The House of Representatives recently passed a law (Amendment No. 2 of 2020), granting...
Third period electronic forms for Coronavirus allowance
Third-period electronic forms for Coronavirus allowance The Ministry of Labour, Welfare, and Social Security has published on its website...
Significant clarification for the one-time subsidy from 1250 to 6000 euros
Significant clarification for the one-time subsidy from 1250 to 6000 euros The new measures recently announced by the Minister of...
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