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FSMO

Jan 03 2021

We are Hiring! – Accounting Officer

Our office is looking for a passionate and motivated Accountant to join our Team.   Accounting Officer (Corporate Services)   Duties: Daily bookkeeping - accounting records for local and international clients. Correspondence and communication with clients. Preparation and submission of VAT and VIES reporting. Managing his/her portfolio of clients and coordination with the audit team. Recording of accounting transactions related to expenses and revenues. Preparation of Monthly Reconciliations of suppliers, customers, Banks. Preparation and submission of quarterly VAT Report. Maintenance of cash book in daily basis. Registrations New Employees to Tax and Social Insurance...

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Jul 05 2019

Payment of 1st provisional tax instalment for tax year 2019

We would like to remind you that the deadline for the payment of the first provisional tax instalment for tax year 2019 is the 31st of July 2019.   Provisional tax payment obligation The following persons should consider whether a provisional tax payment would arise based on their expected annual taxable income: Individuals with taxable income other than salaries, pensions, dividends and interest, and Companies with taxable income.   Payment of provisional tax The provisional tax is calculated by applying the relevant tax rates (depending whether the taxpayer is an individual or a company) on the expected taxable...

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May 17 2019

ΥΠΕΝΘΥΜΙΣΗ ΔΗΛΩΣΗ ΕΙΣΟΔΗΜΑΤΟΣ 2018 – REMINDER INCOME TAX RETURN 2018

Υπενθύμιση Επισημαίνεται ότι, η τελευταία ημερομηνία υποβολής της Δήλωσης Εισοδήματος Μισθωτού είναι η 31η Ιουλίου, 2019 και Αυτοεργοδοτούμενου (χωρίς λογαριασμούς) είναι η 30η Σεπτεμβρίου, 2019. Παρακαλείστε να κλείσετε το ραντεβού σας έγκαιρα για να σας βοηθήσουμε στην προετοιμασία της φορολογικής δήλωσης και της πληρωμής του οποιουδήποτε καταβλητέου φόρου εισοδήματος. Reminder Please note that the last date of submission of the Employee Income Tax return is the 31st of July 2019, and for the Self-Employed (with no accounts) is the 30st of September 2019. Please book your appointment early with FSMO team in order to assist you with...

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May 17 2019

Payment of the 2019 Annual Levy (€350) by Cyprus registered companies

According to the Companies Law, all Cyprus registered companies irrespective of their year of registration are required to pay the Annual Levy of €350 to the Registrar of Companies by 30 June of each year.   The Annual Levy for 2019 is payable by 30 June 2019.   The Annual Levy increases as follows if not paid by the due date: From 1 July 2019 – 31 August 2019: €385 From 1 September onwards: €490   It is worth noting that, For group of companies, the total annual levy payable is limited to €20.000 per annum. Companies that do not...

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Apr 19 2019

The Cyprus Non-Domicile concept for tax purposes

As part of the overall effort to continuously improve and simplify the Cyprus tax system as well as to remain a highly compliant and attractive jurisdiction, various new bills have been passed into new laws in July 2015. Amongst these, there has been the introduction of the concept of Non-Domiciled individuals for tax purposes. The main aim of introducing the Non-Domicile concept is to constitute Cyprus as a prime choice of destination for persons (both EU and non-EU) wishing to move their personal tax residency in another country. The non-domicile concept offers...

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Apr 12 2019

Cyprus Company Formation

Cyprus is one of the most popular locations in Europe for starting a business and to Register a Company. The Island is an attractive destination and offers a lot of advantages for investors. Please refer to the link for more information about Cyprus and it’s benefits for local and international investors.   Registering a company is a process that requires knowledge and expertise of certain legal rules and regulations.   The investors has the option of using one of the following legal entities: a limited liability Company a partnership a branch of a foreign Company   A Cyprus company...

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Mar 15 2019

Effective communication in workplace/business

Communication is very important to companies because it allows companies to be productive and operate effectively. Communication: the act or process of using words, sounds, signs, or behaviors to express or exchange information or to express your ideas, thoughts, feelings, etc., to someone else. Workplace: a place where people work, such as an office or factory. Employees can experience an increase in morale, productivity and commitment if they are able to communicate up and down the communication chain in an organization. When employees feel that they are well informed of the company’s direction and...

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