Cyprus and Andorra signed their first Double Taxation Avoidance Agreement (DTTA) on 18 May 2018, which was published in the Gazette on 1 June 2018. The treaty is based on the OECD Model Tax Convention framework and will be in force as soon as the remaining legal procedures between the two countries are completed and will take effect as from…
Thursday, 28 June 2018 08:48

TEMPORARY TAX - 2018

According to the Income Tax Office legislation, each company needs to estimate its final taxable income for the current year and pay two equal installments on the estimated tax before/at the following dates:1. 31 July - current year2. 31 December - current year If the Company fails to do so by submitting the IR6 declarations and its operations result in…
The latest issues 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.Read the publication. Highlights AustraliaPart One1. What is a trust?2. What elements are required to form a valid trust structure?3. How does trust integrate…
Thursday, 10 May 2018 08:33

Annual Government Levy for the year 2018

All Cyprus registered companies are required to pay the Annual Government Levy of €350 to the Registrar of Companies by 30 June of each year. Penalties apply in case of delayed payments. Please note that the Levy is payable only through the Department’s website and through JCCsmart. If you prefer Reanda Cyprus Limited to assume responsibility for this procedure and…
Cyprus and UK have signed a new Double Taxation Avoidance Agreement (DTTA) on 22 March 2018 that will replace the existing treaty that was effective since 1975. The treaty is expected to enter into force in 2019, once both Cyprus and the UK exchange notifications that their formal ratification procedures have been completed. The treaty is based on the OECD…
Wednesday, 07 March 2018 13:33

PRISM Tax Newsletter- 1st Quarter 2018 issue

  The latest issues 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. Read the publication online. Highlights Australia Non-Compliance with Laws and Regulations (NOCLAR)What is NOCLAR?• What does NOCLAR mean?• How do professional accountants…
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