On October 15, 2021, the Minister of Finance, Mr. Konstantinos Petridis, presented the Action Plan / Strategy for attracting companies for activating and expanding their activities in Cyprus. The incentives given include immigration and employment, taxation, simplification and digitization of the procedures, as well as promoting the country as an attractive investment destination. The Plan enters into force on January 1, 2022.
Ministry announcement provisions of Social Insurance (Contributions)
Commencement of Operation of the Information System “Ergani”
Following an announcement by the Ministry On September 13, 2021, the provisions of the Social Insurance (Contributions) (Amendment) Regulations of 2017 (P.I.O. 167/2017) enter into force on the 13th of September 2021.
2020 Income Tax Declaration T.D1 Employees & self-employed
We would like to inform you that the Income Tax Declaration for individuals (TD.1 form) for the tax year 2020, is made available to the Taxisnet system.
In accordance with an amending Assessment and Collection of Taxes law published on 20 April 2021, due to the prolonged crisis and the adverse economic conditions caused by COVID-19, the deadlines for the electronic submission of the 2020 personal income tax return (TD.1) of individuals and payment of the final tax due as per the relevant income tax return is extended to 30 September 2021.
Newsletter – Beneficial Ownership Register
Companies and any other legal entities incorporated in the Republic of Cyprus must obtain and hold adequate, accurate and current information on their beneficial ownership, including details of the beneficial interests held. The Law provides the establishment of a central beneficial owner register of the companies or other legal entities (“Entities” or “Entity”). The beneficial owner register (the “BO register”) is a centralized register that contains information about the beneficial owners of Entities that fall under the Law.
Tax Booklet 2021
Tax Booklet 2021March 2, 20212021_Tax-Booklet tax tax, Get in touchWhatever your question our global team will point you in the right directionStart the conversationSign 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 with the Privacy Statement (including … Read More
Cyprus and Russia reached an agreement to amend the Double Tax Treaty
On 10 August 2020, following extensive negotiations, Cyprus and Russia reached an agreement for the amendment of the Agreement for the avoidance of Double Taxation.
Covid 19
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 2020February 21, 2020ENG-TAX-FACTS-2020 tax tax, Get in touchWhatever your question our global team will point you in the right directionStart the conversationSign 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 with the Privacy Statement (including … 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)…”
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Πάντα με εκτίμηση και σεβασμό προς εσάς.
HLB Cyprus Ltd
