The Tax Department has announced on 23 February 2024, that the deadline for filing the Company Income Tax Return (TD4) for the tax year 2022 has been extended to 30 November 2024, for persons that have related party transactions and...
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The Department of Taxation announced on February 21, 2024, a change in the payment of the SDC and the GHS contribution withheld on rent payable by legal persons. The withheld SDC and GHS contributions will be paid on a six...
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H εταιρεία C.Kounnis & Partners Ltd ενισχύει τις φορολογικές τις υπηρεσίες μέσω στρατηγικής συνεργασίας με την διεθνή εταιρεία THESIS Business Consultants S.A. με έδρα την Αθήνα, Ελλάδα. Σκοπός της συνεργασίας είναι η παροχή εξειδικευμένων φορολογικών συμβουλών και ετοιμασίας μελετών σε...
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Higher Thresholds for Transfer Pricing and Local File Requirements On 1st February 2024 the Tax Department has issued an announcement that in anticipation of legislative amendments on transfer pricing provisions they will apply higher thresholds for Local File requirements, from...
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Extension of the deadline for submitting data to the Register of Beneficial Owners until 31 March 2024 The Department of Company Registrar announced an extension of the deadline for submitting information to the beneficial owner register. The new deadline being 31 March...
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Amendment to the Special Defence Contribution rate applied on interest income On 20 December 2023, an amending law was published regarding the Special Defence Contribution Law, which determines that the rate of the Special Defence Contribution imposed on interest received...
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Changes in social insurance contribution rates and the maximum earnings threshold on which social insurance contributions are paid (from 01/01/2024) As of 01/01/2024, the social insurance contributions rates change as follows: For employees: 8.8% contribution by the employee and 8.8% contribution...
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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...
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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...
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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...
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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...
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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...
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