Given the recent developments relating to Covid-19, it is everyone’s duty to stay safe and keep our community safe. We have made the decision that a high percentage of our teams will be working from home until further notice.
Covid 19 – Letter from CEO
HLB Cyprus is taking appropriate measures to protect our staff, support our clients and ensuring business continuity. Our firm remains fully operational servicing our clients needs. We are continuously monitoring current developments in relation to the coronavirus pandemic and will adapt our approach as is necessary.
Tax Booklet 2020
Tax Booklet 2020 February 21, 2020 ENG-TAX-FACTS-2020 tax tax, Get in touch Whatever your question our global team will point you in the right direction Start the conversation Sign up for HLB insights newsletters Email Address* By submitting your email address, you acknowledge that you have read the Privacy Statement and that you consent to our processing data in accordance … Read More
ΦΟΡΟΤΙΤΙΒΙΣΜΑΤΑ
“…σύμφωνα με το Άρθρο 10(β) του Φόρου Κεφαλαιουχικών Κερδών (Ν52/80 Ο.Τ) δωρεές που γίνονται από γονείς σε παιδιά, καθώς και μεταξύ συζύγων δε θεωρούνται διαθέσεις και συνεπώς δεν υπόκεινται σε φόρο κεφαλαιουχικών κερδών (Φ.Κ.Κ)…”
Για πιο λεπτομερή ανάλυση, θα μπορούσατε να μας αποστείλετε ηλεκτρονικό μήνυμα: [email protected]
Πάντα με εκτίμηση και σεβασμό προς εσάς.
HLB Cyprus Ltd
Amendment of article 14 of the Cyprus Income Tax Law
Amendment of article 14 of the Income Tax Law: the limit of certain allowable deductions for individuals is increased from 1/6 to 1/5 of net income
Transparency Report
The Double Tax Treaty (DTT) of 2018 (which came in to effect on 18 July 2018, and replaced the DTT of 1974) was amended with a protocol signed on 19 December 2018. This Protocol provides for a “grandfathering” period relating to the taxation of pensions.
Precisely, persons previously taxed based on Article 19(1) of the previous Treaty will have the right of election to continue being taxed in line with the relevant provisions of the previous treaty. This will be valid for years ending on or before 31 December 2024.
Signed Double Tax Treaty between UK and Cyprus – Amended Protocol Signed on 19 December 2018
The Double Tax Treaty (DTT) of 2018 (which came in to effect on 18 July 2018, and replaced the DTT of 1974) was amended with a protocol signed on 19 December 2018. This Protocol provides for a “grandfathering” period relating to the taxation of pensions.
Precisely, persons previously taxed based on Article 19(1) of the previous Treaty will have the right of election to continue being taxed in line with the relevant provisions of the previous treaty. This will be valid for years ending on or before 31 December 2024.
Extension to the deadline for CbC Reports submission
Please be informed that on 18 December 2018 the Cyprus Tax Department announced that the submission deadline for Country-by-Country (“CbC”) Reports for the 2017 Reporting Fiscal Year has been extended from 31 December 2018 to 31 January 2019.
Tax Alert- Revised Income Tax Return for Employee and Self Employed 2017
The Cyprus Tax Department has announced that their TAXISnet system at https://taxisnet.mof.gov.cy has now been enabled to allow you to make (if needed), changes/corrections to your income Tax Returns that have already been submitted for the tax year 2017.
By activating this new feature “CHANGE TO TEMPORARY” you may change/correct your Tax Return and submit it again until November 30th 2018 without a €100,00 fine.
Tax Alert- Revised Income Tax Return for Employee and Self Employed 2017
The Cyprus Tax Department has announced that their TAXISnet system at https://taxisnet.mof.gov.cy has now been enabled to allow you to make (if needed), changes/corrections to your income Tax Returns that have already been submitted for the tax year 2017.
By activating this new feature “CHANGE TO TEMPORARY” you may change/correct your Tax Return and submit it again until November 30th 2018 without a €100,00 fine.
