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.
The 2nd instalment of temporary tax for the fiscal year 2018 is now due for settlement
This is a kind reminder regarding the second and final installment of the temporary tax return for the year ended 31 December 2018.
Treaty between Russia and Cyprus-Russian MoF clarifies dual tax residence status of individuals
On 19 September 2018, the Cypriot Tax Department issued an announcement clarifying that Constituent entities with a Cypriot Ultimate Parent Entity (UPE) will not be subject to local filing in their jurisdiction of tax residency, given the relevant CbC Multilateral Competent Authority Agreement (MCAA) is activated between Cyprus and the other jurisdiction.
Treaty between Russia and Cyprus – Russian MoF clarifies dual tax residence status of individuals
The Russian Ministry of Finance provides guidance on the dual tax residency status of individual tax payers.
2018 HLB Asia Pacific conference in Colombo, Sri Lanka
HLB’s recent 2018 Asia Pacific conference in Colombo, Sri Lanka was attended by 60 delegates from 20 HLB network countries. The conference was hosted by HLB’s local member firm Nihal Hettiarachchi & Company.
Talent scarcity: A top threat to business growth in the CEE region
When you ask business leaders across the globe what’s high on their agenda, chances are recruiting and retaining top talent is on the list. For countries within Central and Eastern Europe (CEE), finding the right talent is an even greater worry. Economic growth in this region is outperforming the EU average and businesses are growing fast. At HLB’s recent CEE regional meeting in Budapest, talent scarcity was identified as a top threat to business growth. We took a snapshot survey among finance and accounting graduates from Poland, the regions largest economy, in an attempt to better understand the views and expectations of young talent entering the CEE labour market. What are the take-aways for business leaders? What can businesses do to attract graduates and young professionals?
HLB hosts annual audit & tax conference in Frankfurt, Germany
HLB, the global advisory and accounting network with presence in 150 countries, hosts annual audit & tax conference in Frankfurt – Germany, bringing together 215 professionals from 37 countries.
Extended deadline for 2017 personal tax returns
The amended articles provide that the deadline for the submission of the personal income tax returns (T.D1s) for employees as well as for self-employees (who do note prepare audited financial statements) and the final tax payment for 2017 has been extended until 31 October 2018.
