logo Premium Services For Selected Clients
PLEASE SUBSCRIBE TO OUR NEWSLETTER
* indicates required
/ ( mm / dd )
Follow & share
Search:
FSMO | tax
391
archive,tag,tag-tax,tag-391,edgt-core-1.0.1,tribe-no-js,ajax_fade,page_not_loaded,,hudson-ver-2.2, vertical_menu_with_scroll,smooth_scroll,side_menu_slide_from_right,blog_installed,wpb-js-composer js-comp-ver-5.4.5,vc_responsive

tax Tag

Jul 17 2023

Έναρξη Υποβολής Εισοδήματος Ατόμου για το Φορολογικό Έτος 2022

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...

0 Comments
Share Post
Jul 07 2023

Alert: Income tax returns for individuals deadline extended

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....

0 Comments
Share Post
Jul 07 2023

Tax Alert: Provisional tax return due end of July 2023

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...

0 Comments
Share Post
Apr 23 2020

Ανακοίνωση ΦΠΑ – Αλλαγή καθορισμένης περιόδου ΦΠΑ και οφειλόμενο ΦΠΑ

Σας κοινοποιείται για ενημέρωσή σας ανακοίνωση από το Τμήμα Φορολογίας αναφορικά με την αλλαγή καθορισμένης φορολογικής περιόδου και τον υπολογισμό του οφειλόμενου φόρου. Η παρούσα ανακοίνωση αφορά μόνο τα πρόσωπα τα οποία έχουν λάβει σχετική ειδοποίηση με μήνυμα στην τελευταία ηλεκτρονική διεύθυνση που είναι καταχωρημένη στο σύστημα TAXISnet σε σχέση με την επιχείρηση τους.   Ανακοίνωση 1 Αλλαγή καθορισμένης Φορ Περ ΦΠΑ και οφειλόμενος ΦΠΑ   Ανακοίνωση 2 Διευκρινήσεις στην ανακοίνωση 16042020  ...

0 Comments
Share Post
Aug 05 2019

Notional Interest Deduction

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 –...

0 Comments
Share Post
Aug 05 2019

The Intellectual Property (IP) Tax Regime in Cyprus

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...

0 Comments
Share Post
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...

0 Comments
Share Post
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...

0 Comments
Share Post
Apr 09 2019

ΦΟΡΟΛΟΓΙΚΗ ΒΕΒΑΙΩΣΗ ΕΙΣΟΔΗΜΑΤΟΣ ΑΤΟΜΟΥ 2018

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...

0 Comments
Share Post
Mar 27 2019

Contributions to the Cyprus National Health Insurance System (NHIS)

Contributions to the NHS started on 1 March 2019 and the contributions will only cover outpatients. From 1 March 2020, the contributions will be increased in order to cover both outpatients and inpatients.  The system is expected to be fully operable on March 1, 2020.   From 1 March 2019, taxpayers contribute: Each employee will contribute 1.70%  of his salary and each employer will contribute 1.85% of the salary of each employee for the NHS. Each self-employed person will contribute 2.55% of his/her earnings. Each pensioner will contribute 1.70% of his/her pension. Each...

0 Comments
Share Post