On 16 July 2020, the European Court of Justice (ECJ) issued a landmark ruling (See EDPB Announcement Here) abolishing the Privacy Shield, the legal tool that made the transfer of personal data free to the United States. At the same time, it considered that the Standard Contractual Clauses (SCCs) remain in force, another legal tool […]
The Protocol for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital was signed today July 20th 2020 in Nicosia between the Government of the Republic of Cyprus and the Swiss Confederation. On behalf of the Republic of Cyprus the protocol was signed by Mr. Constantinos Petrides, Minister of Finance, […]
The epidemiological picture of the various countries was re-evaluated by the Infectious Diseases Surveillance and Control Unit of the Medical Services and Public Health Services, regarding COVID-19 disease. The assessment was based on the epidemiological indicators of the countries, such as: actual R (t) breeding number for SARS-CoV-2, the number of new diagnoses, the number […]
As Announced by the Ministry of Transport, Communications and Works, in accordance with Regulation 2.3 of the Infectious Diseases (Determination of Measures to Prevent the Spread of the COVID-19 Coronavirus) Decree (No.31) of 2020 (R.A.A. 281/2020), all passengers travelling to the Republic and fall under the provisions of Regulations 2.7 to 2.14 (i.e. passengers travelling […]
VAT payment for the Tax Period ending 31/5/2020 The Tax Department informs that, for the tax VAT return for the period ending on 31/5/2020, the deadline for submitting the VAT Declaration and Payment is July 10, 2020. Based on this, the VAT due should be to be paid by 10/7/2020. Otherwise, the payment is considered […]
Read MoreNotification of the Tax Department for the payment of VAT
The Ministry of Finance has provided details into the plan of subsidizing interest for new business loans on July 6th as follows: The Ministry of Finance announces that the following Licensed Credit Institutions (APIs) have submitted a statement of participation in the Interest Subsidy Plan and have accepted the terms of the Plan as attached […]
Read MoreSubsidy for Interest on New Business Loans as announced by the Ministry of Finance
The Tax Department informs that the following procedure will be followed for the issuance of a certificate of settlement of tax liabilities for the purposes of the new mortgage subsidy plan: 1. SUBMISSION OF APPLICATION DISTRICT OFFICE RELEVANT PERSON ΗΛΕΚΤΡΟΝΙΚΗ ΔΙΕΥΘΥΝΣΗ NICOSIA Emanuella Diakono ediakono@tax.mof.gov.cy LIMASSOL Maria Zeniou mzeniou@tax.mof.gov.cy PAPHOS Levkios Shizas lshizas@tax.mof.gov.cy LARNACA Elenitsa […]
The Ministry of Foreign Affairs has issued Travel Advice pertaining to countries not included in Category A or B as defined below: Concerned countries: All Countries except those listed in Categories A, (Australia, Austria, Canada, Denmark, Estonia, Finland, Germany, Greece, Hungary, Iceland, Ireland, Japan, Republic of Korea, Latvia, Lichtenstein, Lithuania, Malta, New Zealand, Norway, Poland, […]
The Ministry of Labor, Welfare and Social Security announces that the deadline for electronic submission of applications for participation in the Special Plans for the period from 13 June 2020 to 30 June 2020, is Monday, 6 July 2020. Those interested are invited to submit their application on time, i.e. by 12:00 on the night of July […]
Read MoreDeadline for electronic submission of applications for participation in the Special Plans
As per Ministry of Labour Announcement Here in Greek, The Ministries of Finance and Labor, Welfare and Social Security announce that the payment of the lump sum for the Support of small and very small businesses and self-employed workers has begun. Beneficiaries of the Sponsorship are approximately 17,500 Self-Employed Employees and 25,000 Businesses employing up to 50 […]