On 29/12/2017 and on 02/01/2018 the Cyprus Income Tax offices issued the circulars EE219 and EE220 regarding the imposition of VAT on the: sale of non-developed building land, leasing of commercial immovable property in Cyprus. The law for imposition of 19% VAT on the above transactions is effective from 02/01/2018. As per the law and guidance issued from Income Tax office the main provisions […]
On the 8th of December 2017 our Company, Premioserve Limited, organised with great success the seminar “The basics of doing business in Cyprus” at Crowne Plaza hotel in Limassol. The seminar was designed especially for the Russian community in Cyprus and was in Russian language. The seminar covered the topics of basic accounting principles, corporate and personal income tax matters and internet marketing. More than […]
The Cyprus legislation recently amended where an individual can be considered as a Cyprus Tax resident if all of the following conditions are met: • stays in Cyprus for one or more periods of at least 60 days; • does not stay in another state for one or more periods exceeding a total of 183 days; • is not a tax resident in another state; […]
Extension of the period for the scheme of settlement of overdue taxes by monthly installments On 29 September it has been voted by the parliament amendments to the law for the settlement of the overdue taxes by installments. The amendments are as follows: a) The deadline for the for submission of a claim for the payment of tax by installments has been extended from 3 […]
