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Posted in News, News for Cyprus
Cyprus Tax News: Submission deadline extension for the 2019 corporate income tax return
In accordance with a Decree issued on 12 March 2021, the following deadlines are extended to 30 September 2021…
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Posted in News, News for Cyprus
Cyprus Tax News: UBO Registry
We would like to inform you that on 12 March 2021, the Registrar of Companies (RoC) announced that the electronic service for the registration of beneficial owner particulars for companies and other legal entities is available as
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Posted in News, News for Cyprus
Cyprus Tax News: Brexit – Appointment of a VAT Fiscal Representative in Cyprus
On 15 February 2021, the Cyprus Tax Authorities (CTA) issued a new Implementing Guideline to clarify that there is no obligation for taxable persons who carry out or will carry out taxable transactions in Cyprus…
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Posted in News, News for Cyprus
Cyprus Tax News: No imposition of administrative fines for overdue submission of DAC6
The Tax Department has announced that there will be no imposition of administrative fines for overdue submission of DAC6 information that will be submitted until 30 June 2021, in the following cases:
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Posted in News, News for Cyprus
Cyprus Implements the 5th Anti-Money Laundering Directive
On the 18 February 2021, the House of Representatives enacted the 5AMLD into law (the “New Law”). With the enactment of the 5AMLD, Cyprus has complied with the provisions and changes imposed by the EU Directive 2018/843.
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Posted in News, News for Cyprus
Cyprus imposes 0.4% levy on sales of immovable property
The House of Representatives passed earlier this month a new law levying a 0.4% tax on all sales of immovable property, the proceeds of which will go toward supporting Greek-Cypriot refugee…
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Posted in News, News for Cyprus
Cyprus Tax News: Time of supply for barter transactions in the construction industry
On 17 February 2021, the Cyprus Tax Department issued a new Implementing Guideline to clarify the time of supply for VAT purposes for barter transactions in the construction industry and, therefore, the time when VAT should be…
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GDPR Flash News: Fine of 225,000 euros in an online store
The article refers to the fine of 225,000 euros imposed by the French Data Protection Authority (CNIL) on an online store and the IT company providing the technical support, for leaking personal data of 40,000 customers.
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BREXIT & GDPR
2021 constitutes a landmark year for Brexit, provided that the transition period following the Withdrawal Agreement concluded in January 2020 came to an end on 31.12.2020. Regarding personal data…
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Posted in News, News for Cyprus
Cyprus Tax News: Extension of the tax relaxations-COVID-19 crisis
On 25 January 2021, the Tax Department issued Implementing Guideline 7/2021, which extends the provisions of Implementing Guideline 4/2020 for the year 2021, for the period that the COVID-19 related restriction…
