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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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  • 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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