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Tax

Jan 03 2021

We are Hiring! – Accounting Officer

accounting, audit, banking, corporate, cyprus, FSMO, general, social insurances, Tax, VAT

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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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Jan 31 2020

Έκπτωση για ασφάλιστρα και συνεισφορές

accounting, audit, Tax

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Έκπτωση για ασφάλιστρα και συνεισφορές Τροποποιητικός νόμος Ν173(Ι)/2019 Tο Τμήμα Φορολογίας ενημερώνει ότι, με βάση τον Τροποποιητικό Νόμο Ν173(Ι)/2019 ο οποίος τέθηκε σε ισχύ από 19/12/2019, η έκπτωση για ασφάλιστρα και συνεισφορές, δεν μπορεί να υπερβαίνει το ένα πέμπτο (1/5) του Καθαρού Εισοδήματος, αντί του ενός έκτου (1/6) που ίσχυε προηγουμένως. Στη βάση των πιο πάνω, στη Δήλωση Εισοδήματος Ατόμου για το έτος 2019, το μέγιστο της έκπτωσης που μπορεί να παραχωρηθεί για ασφάλιστρα και συνεισφορές, όπως αυτά καθορίζονται στο Άρθρο 14 του περί Φορολογίας του Εισοδήματος Νόμου Ν118(I)/2002, ανέρχεται στο ένα πέμπτο (1/5) επί του Καθαρού Εισοδήματος. Σημείωση: Καθαρό Εισόδημα...

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Sep 25 2019

ΣΧΕΔΙΟ ΓΙΑ ΠΑΡΑΧΩΡΗΣΗ ΧΟΡΗΓΙΑΣ ΓΙΑ ΑΓΟΡΑ ΟΙΚΟΠΕΔΟΥ

Tax, VAT

by admin

Σχέδιο για παροχή χορηγίας (επιστροφή ΦΠΑ) στην αγορά οικοπέδου για ανέγερση κατοικίας που υπόκειται σε μειωμένο συντελεστή ΦΠΑ LINK...

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Aug 14 2019

Incentives for a Natural Film Studio

corporate, cyprus, Tax, VAT

by admin

Without any doubt, Cyprus is an attractive destination for foreign investments due to the position of the Island, the attractive tax benefits and also the available incentives for various types of foreign investments. The Cyprus Government is encouraging foreign investors to invest in Cyprus Film sector and have announced recently various incentives. Below we have set valuable information which can be very helpful to give you a briefing about the incentives. Cash rebate: Rebate of up to 25%-35% on eligible expenditures incurred in Cyprus. The amount granted will depend on the score of the...

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Aug 05 2019

Notional Interest Deduction

accounting, corporate, Tax

by admin

Notional Interest Deduction – The Basics The Notional Interest Deduction (“NID”) is a new powerful tool provided to local and international businesses which enables them to deleverage and realize a tax efficient return on new (qualifying) equity. This return is achieved through the deduction of a “notional” interest expense from their taxable income. This means that properly managed and structured a company's corporation tax duty can be dropped from 12.5% to as low as 2.5% making the company a substantial saving in corporation tax. Please refer to the below link for more information: Notional Interest Deduction –...

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Aug 05 2019

The Intellectual Property (IP) Tax Regime in Cyprus

accounting, corporate, cyprus, Tax

by admin

THE INTELLECTUAL PROPERTY (IP) TAX REGIME IN CYPRUS On 14 October 2016, the House of Representatives passed amendments to the Income Tax Law in order to align the current Cyprus IP tax legislation with the provisions of Action 5 of the OECD’s Base Erosion and Profit Shifting (BEPS) project. The amendments apply retroactively, as from 1 July 2016. The revised legislation includes certain transitional provisions for IP assets that have already qualified under the existing IP box regime. In such cases, taxpayers will continue to benefit from the existing IP regime for a...

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Jul 05 2019

Payment of 1st provisional tax instalment for tax year 2019

accounting, cyprus, cyprus law, FSMO, Tax

by admin

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

accounting, cyprus, FSMO, Tax

by admin

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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Apr 19 2019

The Cyprus Non-Domicile concept for tax purposes

FSMO, Tax

by admin

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 09 2019

ΦΟΡΟΛΟΓΙΚΗ ΒΕΒΑΙΩΣΗ ΕΙΣΟΔΗΜΑΤΟΣ ΑΤΟΜΟΥ 2018

Tax

by admin

ΦΟΡΟΛΟΓΙΚΗ ΒΕΒΑΙΩΣΗ ΕΙΣΟΔΗΜΑΤΟΣ ΑΤΟΜΟΥ 2018 Το Τμήμα Φορολογίας ενημερώνει ότι για την καλύτερη και ταχύτερη εξυπηρέτηση των πολιτών, από τις 04 Απριλίου 2019 δεν θα εκδίδει πλέον «Φορολογική Βεβαίωση» (Έντυπο Τ.Φ.Ε.Πρ.190Φ). Ο πολίτης με την ηλεκτρονική υποβολή της Δήλωσης Εισοδήματος μέσω του συστήματος TAXISnet, μπορεί να εκτυπώνει και να προσκομίζει στα ενδιαφερόμενα Τμήματα, αντίγραφο της δήλωσης που έχει υποβάλει οριστικά, μαζί με την οθόνη επιβεβαίωσης της παραλαβής. Υπενθυμίζεται ότι η οριστική υποβολή επιβεβαιώνεται ΜΟΝΟ με την ένδειξη «Σε Παραλαβή» ή «Αποδεκτή». http://www.mof.gov.cy/mof/TAX/taxdep.nsf/All/4C8E054155ED6BE8C22583D20022482B?OpenDocument This content is for general information purposes only, and should not be used as a substitute for consultation with...

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Tax

Έκπτωση για ασφάλιστρα και συνεισφορές

ΣΧΕΔΙΟ ΓΙΑ ΠΑΡΑΧΩΡΗΣΗ ΧΟΡΗΓΙΑΣ ΓΙΑ ΑΓΟΡΑ ΟΙΚΟΠΕΔΟΥ

Incentives for a Natural Film Studio

Notional Interest Deduction

The Intellectual Property (IP) Tax Regime in Cyprus

Payment of 1st provisional tax instalment for tax year 2019

ΥΠΕΝΘΥΜΙΣΗ ΔΗΛΩΣΗ ΕΙΣΟΔΗΜΑΤΟΣ 2018 – REMINDER INCOME TAX RETURN 2018

The Cyprus Non-Domicile concept for tax purposes

ΦΟΡΟΛΟΓΙΚΗ ΒΕΒΑΙΩΣΗ ΕΙΣΟΔΗΜΑΤΟΣ ΑΤΟΜΟΥ 2018

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