According to the Inland Revenue legislation, each company needs to estimate its final taxable income for the current year by 30 June and pay two equal installments on the estimated tax at the following dates (http://www.reandacyprus.com/amendments-to-the-assessment-and-collection-of-tax-law):1. 31 July - current year2. 31 December - current year If the Company fails to do so by submitting the IR6 declarations and its…

The Registrar of Companies and Official Receiver announced that all registered companies in the registrar of the department must submit all of their outstanding Annual Reports (HE32) along with their respective Financial Statements. In case of non-submission of the above mentioned documents by 30/6/2014, then the companies will be deregistered/removed from the registry in accordance with the Article 327 of…

Το Τμήμα Εφόρου Εταιρειών και Επίσημου Παραλήπτη ανακοινώνει ότι όλες οι εγγεγραμμένες εταιρείες στο μητρώο του Τμήματος θα πρέπει να υποβάλουν όλες τις οφειλόμενες Ετήσιες Εκθέσεις (ΗΕ32) μαζί με τις αντίστοιχες Οικονομικές Καταστάσεις. Παράληψη υποβολής των πιο πάνω, μέχρι τις 30/6/2014, θα έχει σαν συνέπεια την διαγραφή/ αφαίρεση των εταιρειών από το μητρώο σύμφωνα με το Άρθρο 327 του περί…

From 2013 all Cyprus registered companies regardless their incorporation date and volume of activity are required to pay the Annual Government Levy of €350. The Levy is payable to the Registrar of Companies by 30 June of each year. For Companies incorporated after 30 June the Levy is payable upon incorporation. Please note that on 12 March 2014 the department…

The Double Taxation Avoidance Agreement (DTAA) between Cyprus and the UAE, which was signed at 27 February 2011 has been ratified via the relevant internal procedures of both countries and is effective as of 1 January 2014, a development which further enhances Cyprus positioning as a preferred hub for international investments and tax planning. The DTAA is highly favorable and…

Five additional DTAAs signed by the Republic of Cyprus became effective as of 1 January 2014, a development which further enhances Cyprus positioning as a preferred hub for international investments and tax planning. SpainVisit our earlier publication for details: http://www.reandacyprus.com/index.php/component/k2/item/83-cyprus-and-spain-sign-off-a-double-taxation-avoidance-agreement PortugalVisit our earlier publication for details: http://www.reandacyprus.com/index.php/component/k2/item/79-cyprus-and-portugal-sign-off-a-double-taxation-avoidance-agreement UkraineVisit our earlier publication for details: http://www.reandacyprus.com/index.php/component/k2/item/76-cyprus-signs-off-a-double-taxation-avoidance-agreement-dtaa-with-ukraine EstoniaThe DTAA signed between Cyprus and…