On 8 April 2021, the House of Parliament voted the extension of the deadline for submission of the following tax returns and for the settlement of the resulting tax liabilities: 1. For individuals (TD.1 of Employee and TD.1 of self-employed without…
Through a Decree issued on 12 March 2021, the deadline for submission of the following 2019 tax forms in Cyprus has been extended to 30 September 2021: Corporate tax form (TD4), and The personal tax form for individuals preparing audited…
The implementation of the Ultimate Beneficial Owner (UBO) Register for Companies and other legal entities in Cyprus has been fully transposed into national law the Directive (EU) 2015/849 of the European Parliament (the 4th AML Directive). On 16 December 2020, the…
On 12 February 2021, the Cyprus Tax Department (CTD) announced the 10-year government bond yield rates as of 31 December 2020 with respect to the Notional Interest Deduction (NID) on equity related to the 2021 tax year. The interest yields…
The Cyprus Income Tax Law offers significant exemptions on the taxation of employees relocated to Cyprus. The following are the related reliefs that are available for both high and lower-salaried employees: Gross emoluments above Euro 100,000 – (50% relief)…