The updateAs of 17 October 2023 the EU List of Non-Cooperative jurisdictions, the so called EU Blacklist, has been updated with 3 countries namely Antigua and Barbuda, Belize and Seychelles. At the same time 3 countries were removed from the list: British Virgin Islands, Costa Rica and Marshall Islands.The full list now consists of 16 countries ...
On 16 June a VAT Amendment Law was published in the official gazette of the Republic of Cyprus, which introduces changes to the conditions for the application of the reduced VAT rate of 5% for the acquisition or construction of a residence.
The amending law states that the 5% VAT rate will apply only to the first 130 square meters of the buildab...
Dec 19 22
TAX DIARY – UPCOMING DEADLINES
31 December 2022• Submission of a revised provisional tax return (if applicable) and payment of the 2nd instalment of provision tax• Payment of Special Defence Contribution (SDC) and General Health System Contributions (GHS) on rents, dividends and interest received from abroad for the period July – December 2022• Payment of annual compa...
Mar 19 21
Register of beneficial owners
The Registrar of Companies and Official Recipient Department announced the launch of electronic service where the details of the Real Beneficiaries of Companies and other legal entities will be submitted. The deadline for companies to submit this information is 6 months. Companies registered on 16 March 2021 onwards are granted a time limit of 30 d...
Feb 9 19
Increase of Social Insurance Contributions and commencement of contributions for GeSy for 2019
Increase of Social Insurance contributions
As per the Social Insurance Law, as of 1/1/2019, the contributions for Social Insurance will increase by 0.5% for both the employers and employees, i.e. from 7.8% to 8.3%, on the insurable remuneration of the employees.
Commencement of contributions for GeSy
As per the General Health System Law, the con...
