HomeArticles by: Panos

Panos

  • Cyprus tax resident, non-domiciled

    • April 21, 2024
    • Posted by: Panos
    • Category: Accounting & Finance, Taxation
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    International, tax exemptions on worldwide income The introduction of the non-domiciled (non-dom) tax resident status in the Cyprus tax system gives additional incentives to high-net-individuals to relocate to Cyprus or to continue carrying out their business operations or investment from the Republic of Cyprus. The non-domiciled status provides tremendous opportunities to businessmen that want to

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  • Annual Statutory Obligations for Cyprus Entities 2022

    • February 25, 2022
    • Posted by: Panos
    • Category: Accounting & Finance, News, Taxation
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    Annual Statutory Obligations for Cyprus Entities 2022 Cyprus Companies, Partnerships, Self Employed & Cyprus Branches of Foreign Companies Every Month Book-keeping records are required to be maintained on monthly basis. If Entity is an Employer Payment of tax deducted from employees of the previous month (PAYE). Payment of social insurance and related funds withheld from employees

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  • Cyprus Tax News – August 2021

    • August 11, 2021
    • Posted by: Panos
    • Category: News, Taxation
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    Extension for the submission and settlement of final tax 2020 for companies, employees -pensioners and self-employed. Ιn accordance with the Decrees issued on 30 July 2021, certain tax deadlines are extended as per the below table: Obligation Extended deadline Payment of the first installment of the temporary tax for the year 2021 Payments of Taxes

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  • F.C.I. Ltd Tax News – Amendments to the VAT Law

    • March 12, 2021
    • Posted by: Panos
    • Category: Accounting & Finance, News, Taxation
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    An amendment published in Cyprus’ official Gazette on 20 August 2020 makes the following main changes to the Cyprus VAT law 1.    New definition of legal person (Article 2 of the main Act) The amendment introduces a new definition of “legal person” for purposes of the VAT law, to clarify that the term includes a

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  • Relocation, Investment Strategies and Opportunities

    • June 16, 2020
    • Posted by: Panos
    • Category: Fiduciary, Investments, News, Taxation
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    The economy worldwide is changing fast. Likewise, the Investors and Shareholders need to re-assess and re-set their strategies. Part of such re-assessment can be the issue of relocation of head-quarters or part of their company or group functions. Such decision may result in serious tax savings. Evaluation of Issues in the decision of Relocation Re-location

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  • F.C.I. Company Formations – Administration Update during COVID-19 Outbreak

    • March 19, 2020
    • Posted by: Panos
    • Category: News
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    Dear Clients and Colleagues,   The team of F.C.I. LTD hopes that you and your families are safe and healthy during this troubling time.   We are happy to report that our offices are open, and our staff is working by following best health practices at the temporary working hours 08.00 am to 16.30 pm.

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  • Social Insurance and National Health contributions for 2020

    • February 21, 2020
    • Posted by: Panos
    • Category: News
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    In 2020, Social Insurance contributions remain the same as in 2019 whereas contributions to the General Healthcare System will be increased on 1 March 2020. This increase is offset for individuals by the recent increase of the maximum annual tax deduction from 1/6th to 1/5th of their taxable income. Social Insurance Contributions for 2020 The

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  • Συμμόρφωση στις Απαιτήσεις της Νομοθεσίας

    • January 14, 2019
    • Posted by: Panos
    • Category:
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    Κάθε Mήνα Σε περίπτωση που η Οντότητα είναι εργοδότης Πληρωμή φόρου που αποκόπηκε από τους μισθούς των υπαλλήλων του προηγούμενου μήνα. Πληρωμή εισφορών κοινωνικών ασφαλίσεων που αποκόπηκε από τους μισθούς των υπαλλήλων του προηγούμενου μήνα. Ηλεκτρονική υποβολή μηνιαίων καταστάσεων VIES για ενδοκοινοτικές πωλήσεις. Πληρωμή εισφορών για την άμυνα που παρακρατήθηκε από ενοίκια που πληρώθηκαν τον

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  • Εδραίωση Κυπριακής Οντότητας

    • December 17, 2018
    • Posted by: Panos
    • Category: Fiduciary, Immigration, Investments, Taxation
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    Η παγκόσμια τάση των φορολογικών δικαιοδοσιών και οι πρόσφατες δικαστικές διεθνείς υποθέσεις αποδεικνύουν την ανάγκη να διασφαλιστεί ότι δεν υπάρχει διαφορά μεταξύ της μορφής και της ουσίας αποτελεσματικής διαχείρισης και ελέγχου από την δικαιοδοσία της εταιρείας. Επιπλέον, οι τελευταίες εξελίξεις για τη διεθνή ανταλλαγή πληροφοριών μεταξύ φορολογικών αρχών διαφόρων δικαιοδοσιών καθιστούν το ζήτημα της ουσίας ακόμη πιο δύσκολο. Η απουσία οικονομικής

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  • Κυπριακό Διεθνές Καταπίστευμα

    • December 17, 2018
    • Posted by: Panos
    • Category:
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    Οι τροποποιήσεις που έγιναν (Μάρτιο 2012) στη Νομοθεσία περί Κυπριακών Διεθνών Καταπιστευμάτων (ΚΔΚ) του 1992 παρέχουν “σχεδιασμό για την προστασία των περιουσιακών στοιχείων”, γεγονός που τοποθετεί την Κύπρο σταθερά στην κατηγορία των πιο ελκυστικών κρατών. Το Σεπτέμβριο του 2013 ο νόμος για ΚΔΚ τροποποιήθηκε περαιτέρω κατόπιν της ρύθμισης των ρυθμιζόμενων υπηρεσιών καταπιστευματοδόχων στην Κύπρο εδραιώνοντας

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