Update on Contributions to the General Healthcare System In continuation to our previous alert of EY, issued on 9 January 2019, it is noted that as of 1 March 2020, natural and legal persons, as...Read More
On 18th February 2020 the EU Council adopted revised conclusions on the EU list of non-cooperative jurisdictions. The list, which was set up in 2017 after revelations of widespread tax evasion and avoidance schemes, is...Read More
Cyprus: Settlement of Overdue Tax Liabilities – extension to the application of the Law Relating to the Law (L.4(I)/2017) (“Law”) for the settlement of overdue tax liabilities, the Cyprus House of Representatives has voted for...Read More
COMPANY NAME ACTIVITY WEBSITE METDIST LTD. Non-ferrous Metals / Financial Services N/A ORGANAT FINANCIAL LIMITED Provision of Financing Facilities www.fiduciana.net E.A. HOME CHIC PROPERTIES LTD. Construction and Development www.chicpropertycyprus.com KIP CONSULTING LTD. / CEDAR OASIS...Read More
Circular from the Tax Department: As of 01/01/2020 new procedures relating to the transport of goods to other EU-member states as Call-off Stocks have been put in place. For more information and the circular of...Read More
Columbia Shipmanagement Ltd (CSM) and the Cyprus Marine and Maritime Institute (CMMI) today signed an MOU to launch Digital Waves, which constitutes a comprehensive joint innovation programme to explore the digitalisation of certain domains of...Read More
Click the link here below to find out more regarding the tax system in Cyprus updated January 2020. https://www.pwc.com.cy/en/publications/assets/tax-facts-figures-2020english.pdfRead More
On 19 December 2019, an amending Income Tax Law (ITL) was published in the Official Gazette, providing for an increase to the annual limit for certain allowances which are deductible from an individual’s taxable income....Read More
We would like to remind you of the deemed dividend distribution (DDD) provisions of the Special Contribution for the Defence Law that apply on 31 December 2019. What profits are within the scope of the...Read More
On 16 December 2019 the European Commission has approved under EU State aid rules, amongst others, the prolongation of a tonnage tax and seafarer scheme in Cyprus. The Commission assessed the Cyprus tonnage tax scheme...Read More
The Cyprus International Businesses Association (CIBA) and the Bank of Cyprus organised a Joint Event to inform CIBA members and other stakeholders on compliance issues and the Bank of Cyprus’ compliance modality. The Central Bank...Read More
The Cyprus International Businesses Association (CIBA) and the Bank of Cyprus organised a Joint Event to inform CIBA members and other stakeholders on compliance issues and the Bank of Cyprus’ compliance modality. The Central Bank...Read More
The Cyprus International Businesses Association (CIBA) and the Bank of Cyprus organised a Joint Event to inform CIBA members and other stakeholders on compliance issues and the Bank of Cyprus’ compliance modality. The Central Bank...Read More
The Cyprus International Businesses Association, celebrated its 26th Annual General Meeting at the Parklane Hotel in Limassol, with exclusive sponsor AMDOCS. Present at the AGM was the Site Manager of Amdocs, Mr. Yiannis Tinis, who...Read More
In view of the upcoming CIBA 2019 ANNUAL GENERAL MEETING, we are pleased to attach hereto the Financial Statements of our Association, as at 31 December 2018, for your consideration. The FS 2018 have been...Read More
All Cyprus companies have an obligation to file to the Registrar of Companies an Annual Return (HE32), which must be accompanied by the audited financial statements of the previous year. The Annual Returns (HE32) are...Read More
We wish to inform you that the Statistics Department of the Central Bank of Cyprus has published the new “Ship Management Report”, which covers the period 1 January 2019 – 30 June 2019. The said...Read More
The Protocol was agreed in 2015 and was ratified by the Cypriot Government on 11 December 2015. On 30 October 2019, the Ukrainian parliament approved the ratification of the protocol. Thus, the Protocol is now...Read More
Following recent amendments to the Cyprus Companies Law, Cap. 113 (“the Law”), the Registrar of Companies will impose administrative penalties on certain filings submitted after the prescribed timeframes as provided by the Law. The imposition...Read More
The Cyprus Ministry of Finance has announced that Cyprus and the Arab Republic of Egypt signed a new double tax treaty on 8th October 2019. For further information click on the link below:- PwC direct-tax-update-n-12-2019-cyprus-egypt-double-tax-treatyRead More
