ARTICLES
The Law Regulating the settlement of overdue taxes has recently been amended and it provides for a six-month extension to the deadline for the submission of applications for relief from interest and penalties for tax years up to and including 2015. The application deadline is extended from 3 July 2018 to 3 January 2019.
In order to be eligible to apply the taxpayers must submit their tax returns up to the tax year 2015 by 31 December 2018 and must not have any other tax liabilities outstanding.
Latest news
Changes in the withholding payment of Special Defense and GESY contributions on payable rents of legal entities. The Cyprus tax authorities inform that a legal entity which pays rent to an individual to 30 of June and to 31 of December of a given year, is now liable to pay the special contributio...…
Published: Wednesday 28 February, 2024
A revised treaty for avoidance of double taxation between Cyprus and France was signed on 11 December 2023 replacing the previous Treaty of 1981. The main provisions of the Treaty are as follows: Dividends: 0% withholding tax if the beneficial owner of the dividend is a com...…
Published: Wednesday 21 February, 2024
The double tax treaty between Cyprus and Croatia was signed on 17 October 2023 and ratified on 27 October 2023. Following the ratification by Cyprus, the treaty will be in effect in the year following the year in which the ratification process in the Republic of Croatia is also completed. It will...…
Published: Tuesday 23 January, 2024
Morison Patsalides