2nd Provisional Tax / Temporary Tax 2020 Cyprus Provisional Tax Calculation 2nd Self Assessment 2020 Temporary tax assessments Taxpayers must submit their 1st and 2nd temporary tax return before the 31st of July and 31st of December of each year, respectively, based on their estimated current year’s taxable income and pay the corresponding temporary tax. The temporary tax payments must be made [...]
Extension of Income Tax Form Deadline for 2019 Cyprus Tax Update Tax Update The Tax department announced today (20/10/2020) that the deadline for submitting the electronic income declaration for 2019 for employees and self-employed (Form IR.1 employee), whose gross income exceeds €19,500, as well as the payment of the final tax due according to their income tax form (self-assessment) for 2019, is [...]
Easily calculate your Cyprus Dividend Taxes Using our Dividend Tax calculator Our dividend tax calculator quickly calculates the defence and GHS (GESY) contribution. Moreover, our calculator takes into account your tax residency, country of domicile and other GHS contributions to correctly calculate your dividend taxes. It is so simple, you only need to enter your gross dividends, select the dividend distribution period and the rest is done automatically. Click to Access Our calculator [...]
ANNOUNCEMENT The Tax Department announced that the date of submission of the 2019 Income Statement for: (a) employees and retirees (IR1) and (b) self-employed whose turnover does not exceed € 70,000 (IR1 self-employed), as well as the payment of the corresponding tax, is extended until October 30, 2020 at 23:59 (ΚΔΠ 247/2020). It should be noted that that the obligation to submit an Income Statement (IR1) form for the year 2019, arises ONLY [...]
Download our Quarter 2 2020 NewsletterThis version of our newsletter covers the following areas: Deadline extensions and other supporting measures introduced by: The Tax Department The Registrar of Companies The ministry of Labour, Welfare and Social Insurances Cyprus Securities and Exchange Upcoming (updated) tax deadlines and how we can assist you List of Important and Existing resources and calculators to assist with your daily business and tax requirements
SEMI OR NEWLY QUALIFIED ACCOUNTANTWe are growing our team of auditors and we are looking for semi or newly qualified accountants to provide impeccable service to our clients. We are looking for semi or newly qualified accountants who can stand out and make a positive impact to our clients. Values such as trust, commitment, respect, professionalism are at the core of our culture and these are the values which lead us to the [...]
2nd Self Assessment 2019 Temporary Tax Assessments Taxpayers must submit their temporary tax return before the 31st of July of each year based on their estimated current year’s taxable income and pay the corresponding temporary tax. The temporary tax payments must be made on the estimated current year profit in two equal installments, on 31st July and 31st December. The estimated taxable income declared under self assessments can be revised (upwards/downwards) any time prior to 31st of [...]
Download our June 2019 Newsletter This version of our newsletter covers the following areas: Upcoming tax deadlines and how we can assist you List of New and Existing resources and calculators to assist with your daily business and tax requirements
The Tax Department (“TD”) has published an Informative Guide which explains the tax treatment of certain benefits offered by employers to employees and persons who hold or are deemed to hold an office. The Informative Guide provides clear guidelines as to the proper valuation of the benefits in kind, for the purpose of consistency, clarity and uniformity, clearing any ambiguities. In addition, the TD issued Circular 32 and Circular 37 both of which provide additional [...]
CySEC: findings on Compliance Officer’s and Internal Audit’s reports CySEC issued today its findings on the Compliance Officer's and Internal Audit's reports in relation to money-laundering and terrorist financing for 2017 and the respective Board of Directors minutes submitted in 2018. Compared to the 2018, CySEC found an overall improvement to the content of these reports. Summary of CySEC findings on the Compliance Officer's and Internal Audit's reports: Insufficient analysis of the specific [...]
