RSM Cyprus
29 December 2020

Φόρος Κεφαλαιουχικών Κερδών: Εξαίρεση δωρεάς ακίνητης ιδιοκτησίας σε ανάδοχο τέκνο / Cyprus Capital Gains Tax Law: Exemption of real estate property gifted to foster children

Με βάση τον τροποποιητικό Νόμο, αναφορικά με το Άρθρου 10, ο περί Κεφαλαιουχικών Κερδών Νόμος εξαιρεί ως φορολογητέα διάθεση, δωρεές ακίνητης ιδιοκτησίας από ανάδοχο γονέα σε ανάδοχο τέκνο (ως ορίζονται στον περί Παιδιών Νόμο). Η πρόνοια του νόμου...
29 December 2020

Cyprus Tax Law: Extension of the Income Tax exemption, according to Art 8(21)

According to the amending law in respect of the Article 8(21), the Cyprus Income Tax Law provides that the lower of €8.550 and 20% of the remuneration from any employment exercised in Cyprus by an individual who was resident outside Cyprus the tax...
29 December 2020

CbC Reporting: Extension of submission deadline

Following announcement issued by the Cyprus Tax Department, the filing obligations in respect of CbC reporting, are extended as below:
12 December 2020

Procedures and Obligations towards the end of the Tax Year 2020

Διαδικασίες και υποχρεώσεις, ενώ πλησιάζει το τέλος του φορολογικού έτους 2020 Καταγραφή και αποτίμηση αποθεμάτων
16 September 2020

Amendments to the "VAT Laws"/Τροποποιήσεις των «περί Φόρου Προστιθέμενης Αξίας Νόμων»

New legislative amendments enacted into the Cyprus VAT Law. Click here for more.   Νέες νομοθετικές τροποποιήσεις που θεσπίστηκαν στους «περί Φόρου Προστιθέμενης Αξίας Νόμων».
11 September 2020

Assessment and Collection of Taxes Law/Τροποποίηση των «περί Βεβαιώσεως και Εισπράξεως Φόρων Νόμων»

Recent legislative amendments to the “Assessment and Collection of Taxes Law”, aims to improve tax compliance and collection of taxes. Click here for more  
11 September 2020

Anti-Tax Avoidance Directive: Implementation into Cyprus Tax Laws

  In order to fully adopt the provisions of the EU Anti-Tax Avoidance Directive (ATAD EU 2016/1164) of July 2016, the Cyprus Parliament voted into law the following provisions, which were published in the Official Gazette on 3  July 2020.
3 July 2020

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

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...
3 July 2020

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

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...
2 June 2020

New decisions on support measures to address the effects of Covid-19 / Νέες αποφάσεις για τα μέτρα στήριξης για αντιμετώπιση των επιπτώσεων του Covid-19

New decisions have been issued  on support to the effects of Covid-19 For more information, follow the link   Έχουν εκδοθεί νέες αποφάσεις για τη στήριξη των επιπτώσεων του Covid-19

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