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…

IntroductionFollowing the publication of the EU Anti-Tax Avoidance Directive (ATAD I) on 12 July 2016, the House of Representatives voted into Cyprus Law its provisions on 5 April 2019. The three measures explained below are applicable from 1 January 2019. Additional measures based on ADAD II are expected to be voted by the House of Representatives by 1 January 2020.…

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 Saudi Arabia have concluded and signed a Double Taxation Avoidance Agreement (DTTA). The treaty was confirmed and finalized in 2018 and it is effective from the 1st of March 2019. The principles of the treaty in relation to withholding taxes, amounts paid or credited and other taxes of any tax year are applicable from the 1st of January…

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 AustraliaWhistleblower Provisions for Professionals The onus is now very much on professionals to report to the relevant government authorities…

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 AustraliaWhat is a Trust and how does it help as a structure for your business? Part II Part Two…