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Annual Statutory Obligations for Cyprus Entities 2024
- April 21, 2024
- Posted by: admin
- Category: Accounting & Finance, News, Taxation
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Annual Statutory Obligations for Cyprus Entities 2024 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 resident, non-domiciled
- April 21, 2024
- Posted by: Panos
- Category: Accounting & Finance, Taxation
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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Updates of Protection of Wages Law
- November 12, 2023
- Posted by: Office
- Category: News, payroll
The Protection of Wages Law of 2007 (the “Law”), as amended in 2022, which is in force as of April 16, 2023, covers the following areas: It defines the permissible methods of payment of salaries, and the obligation to issue a certificate of remuneration (payslips) and It enhances transparency and predictability of conditions of employment.
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Social Insurance and National Health contributions for 2023
- May 26, 2023
- Posted by: admin
- Category: Accounting & Finance, Taxation
Social Insurance Contributions for 2023 The Social Insurance Contributions for 2023 are summarized below: Contributions Employee Employer Self-Employed Social Insurance 8,30% 8,30% 14,60% Social Cohesion Fund 2,00% Redundancy Fund 1,20% Industrial Training Fund 0,50% Holiday Fund (if not exempt) 8,00% TOTAL 8.30% 20.00% 1460% The Social Insurance Office lays down yearly the maximum amount
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Annual Statutory Obligations for Cyprus Entities 2022
- February 25, 2022
- Posted by: Panos
- Category: Accounting & Finance, News, Taxation
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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F.C.I. Ltd Tax News – Amendments to the VAT Law
- March 12, 2021
- Posted by: Panos
- Category: Accounting & Finance, News, Taxation
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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Substance of a Cyprus Entity
- December 14, 2018
- Posted by: Panos
- Category: Accounting & Finance, Fiduciary, Immigration, Investments, Taxation
The global trend of tax jurisdictions and the recent international court cases, demonstrate the necessity to ensure that there is no discrepancy between the form and substance and the effective management and control from the specific jurisdiction as claimed. Moreover, the latest developments for the international exchange of information between tax authorities of different jurisdictions
