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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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F.C.I. Tax Calendar 2021
- February 26, 2021
- Posted by: Panos
- Category: News, Taxation
Financial Consultants International (F.C.I. Ltd) offers the Tax Calendar as a tool for better planning of business tax obligations for the current year. Each End of the month Payment of PAYE deducted from employee’s salaries of previous month. Payment of tax withheld on payments made to non-Cyprus tax residents, interest or rent paid in the
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Social Insurance and National Health contributions for 2020
- February 21, 2020
- Posted by: Panos
- Category: News
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