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…

Αύξηση του κανονικού και μειωμένου συντελεστή ΦΠΑΑπό τις 13 Ιανουαρίου 2014, ο κανονικός και ο μειωμένος συντελεστής ΦΠΑ στην Κύπρο θα αυξηθεί από 18 % σε 19 % και από 8 % σε 9 % αντίστοιχα . Αγαθά και υπηρεσίες που υπάγονται στον μειωμένο συντελεστή ΦΠΑ 5 % και 0 % θα παραμείνουν ανεπηρέαστα από τις εξαγγελθείσες αυξήσεις . Καταγραφή…

Increase of Standard and Reduced VAT RatesAs from 13 January 2014, the standard and reduced VAT rates in Cyprus will increase from 18% to 19% and from 8% to 9% respectively. Any goods or services falling within the reduced VAT rates of 5% and 0% will remain unaffected by the announced increases. Stock countsTaxable (physical and legal) persons who hold…

The Reanda International network is pleased to bring to you the latest issue of PRISM – the quarterly tax newsletter, which is part of Reanda’s effort to stay in touch with our clients by sharing updates and insights on the recent taxation changes and current hot topics. Please click here to download a digital copy of the 4th quarter 2013…