RSM Cyprus

Tax insights

Temporary reduction of the VAT rate/Προσωρινή επιβολή μειωμένου συντελεστή ΦΠΑ

3 July 2020
As per the Decree Κ.Δ.Π. 268 / 2020 published on 23 June 2020, the VAT rate for accommodation, restaurant/catering and passenger transport services will be reduced from 9% to 5% for the period from 1 July 2020 to 10 January 2021. We would also like to clarify some matters that may arise with regards to this amendment.

Tax portal: The new digital tax portal of Tax Department/Φορολογική πύλη: Η Νέα Ηλεκτρονική Υπηρεσία του Τμήματος Φορολογίας

3 July 2020
The tax department on Friday announced the launch of a digital tax portal, giving access to their services online. According to an announcement by the tax department, the public and businesses can use the portal to be directly notified of their debts and payments, submit their tax forms and use internet banking.

OVERVIEW OF CYPRIOT REAL ESTATE TAX

18 June 2020
Rental income and capital gains of Cypriot real estate Taxpayer

OVERVIEW OF CYPRIOT REAL ESTATE TAX

5 June 2020
Rental income and capital gains of Cypriot real estate Taxpayer

HOLDING CYPRIOT REAL ESTATE

5 June 2020
DIRECT HOLDING OF REAL ESTATE This section discusses the most important tax implications of the direct holding of real estate. Firstly, it discusses the impact for resident individuals and non-resident individuals. Thereafter it discusses the impact for resident companies and non-resident companies. Resident individuals

AQUIRING CYPRIOT REAL ESTATE

5 June 2020
DIRECT PURCHASE OF REAL ESTATE This section discusses the most important tax implications of the direct purchase of real estate. First, it discusses the impact for resident individuals and non-resident individuals. Thereafter it discusses the impact for resident companies and non-resident companies. Resident Individuals

SELLING AND TRANSFERRING CYPRIOT REAL ESTATE

5 June 2020
DIRECT SALE OF REAL ESTATE Resident individual Capital gains

Procedures and Obligations towards the end of the Tax Year 2019

18 December 2019
Διαδικασίες και υποχρεώσεις, ενώ πλησιάζει το τέλος του φορολογικού έτους 2019 Καταγραφή και αποτίμηση αποθεμάτων

Implementation of the EU Anti-Tax Avoidance Directive by Cyprus

7 November 2019
On 5 April 2019, Cyprus’ House of Representatives, voted into Law the provisions of the EU Anti-Tax Avoidance Directive. The Directive was published on 12 July 2016.

Cyprus Tax Facts 2019

31 January 2019
This publication contains useful information about the tax system in Cyprus for the tax year 2019. All information is based on Cypriot legislation and tax practices as of the date of publication. 

Procedures and Obligations towards the end of the Tax Year 2018

14 December 2018
Διαδικασίες και υποχρεώσεις, ενώ πλησιάζει το τέλος του φορολογικού έτους 2018 Καταγραφή και αποτίμηση αποθεμάτων

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