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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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Posted in CORPORATE & COMMERCIAL PRACTICE, News, News for Greece, Podcast Episodes, START A START UP
Episode #5 Start a Start-up: Your Day One
On Episode 5, of the Andersen Legal Podcast series, our managing partner and head of Corporate & Commercial Practice, Theodore Pistiolis is providing a brief guide with the first essential questions that you need to answer before making any action.
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Posted in News, News for Greece
Εxemption of foreign tax residents from the obligation to submit the Assets Means of Declaration
The Legal Council of the State issued its opinion No 12/2021 according to which, the individuals of the foreign and domestic companies that conclude public contracts and have their permanent residence outside Greece are excluded
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Posted in News, News for Greece
Submission of VAT Refund applications to the UK for 2020 expenditure
As of 1st January 2021 and following the expiration of the transition period, the United Kingdom is officially no longer an EU member state but a third country. According to the provisions
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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…
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Posted in News, News for Cyprus
Cyprus Tax News: Extension of the deadline for payment of SDC and GHS contributions
Extension of the deadline for payment of SDC and GHS contributions on deemed dividend distribution for tax year 2018. Further to our previous alert on deemed dividend distribution (DDD),
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Posted in News, News for Cyprus
Cyprus Tax News: Extension of DAC6 reporting deadlines
On 3 February 2021, the Cyprus Tax Department announced that the EU Council Directive 2018/822, commonly known as DAC6, is expected to be transposed into domestic legislation within the current month.
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Posted in News, News for Cyprus
Cyprus Tax News: Deadline for submitting revised tax returns for tax years up to 2015
20 February 2021: Deadline for submitting revised tax returns for tax years up to and including tax year 2015. We strongly recommend that any revised tax returns are submitted by Friday 19/2/21. For tax years 2016 and onwards, taxpayers…
