ITL & SCD LAWS AMENDED
On December 21rst 2021, two provisions amending the Special Contribution for Defense Law (SCDL) and the Income Tax law (ITL) were published in the Official Gazette to be effective as from 31 December 2022, with the purpose to enhance the legal prevention towards tax...
DAC 6 CLARIFICATIONS ON DAC 6 ADMINISTRATIVE FINES
Nicosia, November 29th, 2021 The interpretative Circular 55, the purpose of which is to set out various clarifications on the administrative fines imposed for non-compliance with the DAC 6 reporting obligations, has been issued by the Cyprus Tax Department following...
DAC 6 GUIDELINES MINISTERIAL DECREE
Nicosia, November 4th, 2021 The Ministry of Finance (MoF) of the Republic of Cyprus, on October 29th, 2021, issued guidelines in the form of a Ministerial decree (Decree N. 438/2021) on the interpretation of Law 41(I)/2021 of 31 March 2021 on Cypriot Mandatory...
The New Cyprus Action Plan for attracting companies to operate or expand their activities in Cyprus
Nicosia, October 21st, 2021 The Cyprus government on October 15th, 2021, presented its new Action Plan for attracting companies to operate or expand their activities in Cyprus, which is to apply as per 1.1.2022 with the aim to create an added value to the Cyprus...