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Tax

Dec 23 2024

Message from the Management – A Warm Welcome to 2025!

accounting, audit, banking, brand identity, corporate, cyprus, cyprus law, FSMO, general, graphic design, marketing, shipping, social insurances, Tax, VAT, ΓΕΣΥ/GHS

by admin

Dear Client/Associate, We hope this message finds you and your loved ones in great health and good spirits! As the year draws to a close, all of us at FSMO want to take a moment to express our gratitude for your continued trust and collaboration. Your support has been the foundation of our success, and we are sincerely thankful for the opportunity to work with you. Reflecting on 2024 What a dynamic year 2024 has been! From navigating economic shifts to embracing new opportunities, it has been a year of learning, growth, and resilience for...

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Jul 17 2023

Έναρξη Υποβολής Εισοδήματος Ατόμου για το Φορολογικό Έτος 2022

accounting, corporate, FSMO, Tax

by admin

Aνακοίνωση του Τμήματος Φορολογίας - ΥΠΟΒΟΛΗ ΔΗΛΩΣΗΣ ΕΙΣΟΔΗΜΑΤΟΣ ΑΤΟΜΟΥ 2022 Το Τμήμα Φορολογίας ενημερώνει ότι, έχει αρχίσει η υποβολή της Δήλωσης Εισοδήματος Ατόμου 2022 μέσω του συστήματος TaxisNet στη διεύθυνση https://taxisnet.mof.gov.cy Με βάση Διάταγμα του Υπουργικού Συμβουλίου (ΚΔΠ 373/2022). υποχρέωση υποβολής Δήλωσης Εισοδήματος Ατόμου για το έτος 2022 έχουν Μισθωτοί, Συνταξιούχοι και Aυτοεργοδοτούμενοι των οποίων το μικτό ολικό εισόδημα για το έτος 2022, υπερβαίνει το ποσό των 19.500 ευρώ. Απαραίτητη προϋπόθεση για την υποβολή της Δήλωσης, είναι η ηλεκτρονική εγγραφή στο σύστημα TaxisNet - Άμεσης Φορολογίας. Η τελευταία ημερομηνία εμπρόθεσμης υποβολής της Δήλωσης Εισοδήματος Ατόμου 2022 και πληρωμής του οφειλόμενου φόρου είναι η 2α Οκτωβρίου...

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Jul 07 2023

Alert: Income tax returns for individuals deadline extended

cyprus, FSMO, Tax

by admin

Submission of the 2022 Personal Income Tax returns has been extended to October 2023. Specifically, a Decree (No.183/2023) was issued on 9 June 2023 in the Government Gazette which extends the deadline for the 2022 personal income tax return (Form T.D.1) as well as for the payment of the final tax due for employees, pensioners and self-employed persons (Form T.D.1 self-employed) with a turnover below €70.000 who do not have the obligation to submit audited accounts, to 2 October 2023....

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Jul 07 2023

We are hiring – Junior Office Administrator – July 2023

accounting, audit, corporate, cyprus, FSMO, marketing, social insurances, Tax, VAT

by admin

We are currently looking for a dynamic person to join our team on a full-time basis. Key Duties/Responsibilities: - Acting as a first point of contact, dealing with correspondence and phone calls with clients and associates. - Managing diaries, planning and coordinating internal and external appointments. - Providing support to prepare various documents and reports. - Providing general administrative support. - Assisting with presentations and publications of the company. - Assisting with reports and other materials of the company. - Assisting with procedures and general administration organisation of the office. - Collect corporate and Know Your Client(KYC) documents directly...

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Jul 07 2023

Tax Alert: Provisional tax return due end of July 2023

accounting, corporate, cyprus, FSMO, Tax

by admin

The provisional tax return requires the estimation of the provisional taxable profit for the current year and the payment of the respective provisional tax liability in two equal instalments, i.e. by 31 July 2023 and 31 December 2023. It is noted that the final tax liability for the tax year 2022 should be settled by 1 August 2024. Cyprus tax resident individuals (domicility is irrelevant) having income other than employment income may also need to file a provisional tax declaration in order to settle the National Health Contributions relating to such...

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Jan 03 2021

We are Hiring! – Accounting Officer

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

by admin

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

by admin

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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Tax

Έναρξη Υποβολής Εισοδήματος Ατόμου για το Φορολογικό Έτος 2022

Alert: Income tax returns for individuals deadline extended

Tax Alert: Provisional tax return due end of July 2023

Έκπτωση για ασφάλιστρα και συνεισφορές

ΣΧΕΔΙΟ ΓΙΑ ΠΑΡΑΧΩΡΗΣΗ ΧΟΡΗΓΙΑΣ ΓΙΑ ΑΓΟΡΑ ΟΙΚΟΠΕΔΟΥ

Incentives for a Natural Film Studio

Notional Interest Deduction

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