Extended deadline for 2017 personal tax returns

cyprus

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...

cyprus

Double Tax Treaty between Cyprus – Andorra

May 18th 2018: A Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income was signed between the Republic of Cyprus and...

cyprus

Publication on substance

“Substance” is a well-known tax concept used in cross-border tax structuring. The term “substance” does not appear in the actual text of double tax treaties (DTTs).

cyprus

Cyprus-Russia – Thin Cap Rules

The Russian courts issued a decision on 6 March 2018 (case OJSC SUEK-Kuzbass) on the application of the Double Tax Treaty between Cyprus and Russia of 1998 as amended in...

cyprus

Tax framework for newly established tax residents

Personal taxes and contributions - The main types of direct taxes applicable to an individual in Cyprus are:Income tax; Special defence contribution on dividend, interest and rental income; Capital gains...

cyprus

VAT rules for the leasing of yachts is incompatible with the EU VAT Directive (2006112)

On 8 March 2018, the European Commission (EC) decided to send letter of formal notice to Cyprus. The EC held the view that the Cyprus VAT rules for the provision...