Seeing that the Republic and the World in general is going through unprecedented events that affect not only health but also livelihood and business operations, the Government has proposed to adopt certain relief measures to alleviate the impact of the pandemic. towards this direction, as of last Friday the 27th, the Parliament has passed the law amending the VAT law.
Temporary VAT payment deferral to 10 November 2020 and suspension of 10% tax penalty, interest and criminal sanctions
The deferral applies:
Excluded sectors include unaffected retailers, pharmacies, supermarkets, EAC and CYTA.
The economic activity codes of the excluded sectors are: 35111, 36001, 47111, 47112, 47191, 47211, 47221, 47221, 47231, 47241, 47242, 47301, 47411, 47611, 47621, 47651, 47731, 61101, 61301, 61901
On 23 February 2021, Cyprus fully implemented the provisions of the 5th Anti-Money Laundering EU Directive 2018/843 on its domestic legislation, whereby it was decided …
We are proud to announce that our firm has once again been recognized as a leading legal firm in the 2021 edition of The Legal …
On June 1, 2021, the Republic of Cyprus and the Kingdom of the Netherlands signed the treaty on the Elimination of Double Taxation with regard …
Cyprus has made it easier for third country nationals to work and live in the country as employees of a “company of foreign interest”.A Cyprus …