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Posted in News, News for Cyprus
Cyprus Tax News: Social Insurance and National Health contributions for 2021
Social Insurance and General Healthcare System contributions will this year remain the same as in 2020. Social Insurance Contributions for 2021…
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Posted in News, News for Cyprus
Cyprus Tax News: End of 5% VAT for hotels and restaurants
The reduction of the VAT rate from 9% to 5% for hotel accommodation, restaurant and catering services and passenger transport expired on 10 January 2021. As from 11 January 2021…
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GDPR Flash News: Belgian DPA suspend websites violating GDPR
The article refers to the new initiative of the Belgian Data Protection Authority to enforce compliance with the GDPR, which will result in the suspension of websites that violate the regulatory framework for data protection.
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GDPR Flash News: French Data Protection Authority (CNIL) imposing fines of 100 million on Google
This Flash News comments on the decision of the French Data Protection Authority (CNIL) imposing fines of 100 million on Google and 35 million on Amazon for having placed advertising cookies on users’ computers…
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Posted in News, News for Cyprus
Cyprus Tax News: 4th AML Directive Development: Establishment of UBO Registry
With a decision of the Council of Ministers dated 16.12.2020, transposing the 4th AML Directive of the EU 2015/849 into national law, the green light for the establishment of a central registry of ultimate beneficial owners have been given.
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Posted in News, News for Cyprus
Cyprus Tax News: Extension of submission deadline for Country-by-Country Reporting obligations
We would like to inform you that on 15 December 2020 the Cyprus Tax Department (“CTD”) has announced that the following deadlines with respect to CbCR filing obligations in Cyprus are extended.
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Posted in News, News for Cyprus
Cyprus Tax News: Extension of the income tax exemption of 20% for employment
On 15 December 2020, an amending law was published in the Gazette with respect to Article 8(21) of the Income Tax Legislation. The purpose of the amendment is to expand the existing framework of attracting employees from abroad.
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Posted in News, News for Cyprus
Cyprus Tax News: Deemed dividend distribution due end of 2020
Cyprus tax resident companies must declare at least 70% of their 2018 accounting profits by 31 December 2020 and pay the resulting special contribution for defence of 17% and National Health Contribution of 2,65% by 31 January 2021.
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GDPR Flash News: HmbBfDI imposes a fine on H&M Service Center for violations related to employees’ private life
This Flash News comments on the decision of the Hamburg Commissioner for Data Protection and Freedom of Information (HmbBfDI) by which a fine is imposed on H&M Service Center in Nuremberg for violations related to its employees’ private life.
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GDPR Flash News: ICO fines Ticketmaster UK Limited
ICO fines Ticketmaster UK Limited £1.25million for failing to implement appropriate security measures to prevent a cyber-attack…
