The tax department decided the freezing of the process of sending letters relating to the taxing by 30% of the contributions to various social funds amid reactions from employers and trade unions....
Taxation on employers’ contributions to social funds for workers is described as a ‘’casus beli’’ for both workers and employers. Following the decision of the tax department to send tax returns to...
20/01/2016
Interior Minister Socrates Hasikos made it clear that there will be no escape from the obligation to pay tax on real estate property. He noted that not only will they pay the tax but they will also...
14/01/2016
Thousands of people will go through the examination of the origins of their wealth according to the intentions of the parliamentary committee on legal issues which continued the discussion of the...
13/01/2016
The tax department has imposed taxes of €35 mn for deposits related to individuals and legal entities included in the Lagarde list. The taxes imposed relate to the fiscal year of 2003. According to...
12/01/2016
The Administration of the Ministry of Finance has announced the upcoming amendment of the Intellectual Property tax regime. The said amendment will incorporate the recommendations of Action 5 of the...
30/12/2015
From January 1, 2016, for new customers, banks will have to request and receive information on the country of tax residence as well as on the tax identification number, for non-tax residents of...
29/12/2015
The government has collected 84.48 million euro from the immovable property tax 2015 by December 3, which responds to 82.25% of the total amount owed. The total discount granted to tax-payers who...
16/12/2015
Cyprus and Ukraine signed today a protocol amending the convention for the avoidance of double taxation between the two countries. According to an announcement by the ministry of finance, on...
11/12/2015
Part of the €627 mn deposits of Cypriots found in a Swiss bank according to the Lagarde list, are heading to tax authorities. Finance Minister Haris Georgiades who spoke on national radio this...
04/12/2015