We would like to inform you that the final date for the annual levy tax for the year 2019, which is €350 per company, must be paid by 30...

We would like to remind our clients and associated with the following upcoming deadlines: 30 June 2019 Payment of Special Contribution...

In a recent development, the Cypriot Labour Minister has accepted a request from local employers and companies to allow, under certain...

For the year 2020, Social Insurance contributions remain the same as in 2019 while, on 1 March 2020, contributions to the General...

As of 1/1/2019, the social insurance rates for both employees and employers have increased by 0.5% on the insurable earnings of the...

The Tax Department has recently released an Informative Guide, in Greek, regarding Benefits in Kind. The Informative Guide explains the...

The Department of Labour has announced a few changes to take place from September 2017. A penalty of €500 will be applied for each...

TAX DEPARTMENT CAMPAIGN – VISITS TO BUSINESS PREMISES As part of the implementation of its strategic objective to increase voluntary tax...

Certain Tax Law amendments have taken place in July 2015 in order to: Harmonize and align the Cyprus tax system with relevant EU...

There are two new directives, first for the fast reaction mechanism aimed towards preventing VAT fraud. The second one is for the...

Financial statements may be used by different stakeholders for a multitude of purposes. Owners and managers require financial statements...

Value Added Tax (VAT) is a tax on consumption levied in the United Kingdom by the National Government. It was introduced in 1973 and is...

Financial statements are prepared according to agreed-upon guidelines. In order to understand these guidelines, it helps to understand...

Αύξηση των συντελεστών ΦΠΑ από 13 Ιανουαρίου 2014 Από την 13 Ιανουαρίου του 2014 ο κανονικός συντελεστής ΦΠΑ, που εφαρμόζεται στην παροχή...

Increase in VAT rates from 13th January 2014 – From the 13th January 2014, the standard rate of VAT, which is applicable to the supply of...

Foreign individuals who meet certain criteria can now obtain Cyprus citizenship. In order to be eligible to apply for citizenship, the...

Νόμος που τροποποιεί τον Περί Φορολογίας του Εισοδήματος Νόμο Ο συντελεστής του εταιρικού φόρου έχει αυξηθεί από 10% σε 12.5%- ισχύει από...

ICPAC Quality Award We are pleased to announce that our office has been awarded the prestigious Quality Checked Award by the Institute of...

Law amending the Income Tax Law in Cyprus The corporation tax rate is increased from 10% to 12.5%- effective 1 January 2013. Pursuant to...

The House of Representatives has recently voted on various amendments regarding the Special Levy Tax of €350 which is paid by companies....