tax alert

TAX NEWS 02/2016

TAX NEWS 02/2016

Provisional tax 2016

Income Tax Law in Cyprus provides that every company and self-employed person submits a temporary estimate of the taxable income and the resulting tax, by 31st of July of each calendar year. There is no obligation to submit zero returns.

The declared taxable income must not be less than 75% of total taxable income for the year otherwise a 10% additional tax will be imposed.

The applicable tax rate for companies is 12,5%

TAX INFORMATION 2018

The information contained in this booklet is accurate as at the date of its publication. It is based on information available at that time and is designed to answer some of the commonly asked questions and in no case should substitute seeking professional advice.

For explanations, clarifications or professional advice please contact us to the following address:

PEK LTD
Chartered Certified Accountants 17 Demosthenis Severis Avenue Central court, 3rd floor
1080 Lefkosia
PO Box 28978
2084 Nicosia

Tel: +357 22 865000
Fax: +357 22 865001

TAX INFORMATION 7/2017

TAX INFORMATION 7/2017

Value Added Tax

On November 3rd, 2017, the House of Representatives passed amendments to the Law on Value Added Tax. Based on the amendments, 19% VAT is imposed.

PEK Ltd
Chartered Certified Accountants
17 Demosthenis Severis Avenue
Central court, 3rd floor
1080 Lefkosia
PO Box 28978
2084 Nicosia

Tel: +357 22 865000
Fax: +357 22 865001

E-mail address: info@pek-cy.com
Website: www.pek-cy.com

Tax Info 3.2017

TAX INFORMATION 3/2017

New Law regulating settlement of due taxes

Following our tax information 2/2017, we inform you that the Notification regarding the settlement of due taxes voted on 3 February 2017 was published in the Official Gazette.

PEK Ltd
Chartered Certified Accountants
17 Demosthenis Severis Avenue
Central court, 3rd floor
1080 Lefkosia
PO Box 28978
2084 Nicosia

Tel: +357 22 865000
Fax: +357 22 865001

Cyprus tax system 2017

BRIEF INFORMATION FOR TAX YEAR 2017

The information contained in this booklet is accurate as at the date of its publication. It is based on information available at that time and is designed to answer some of the commonly asked questions and in no case should substitute seeking professional advice.

For explanations, clarifications or professional advice please contact us to the following address:

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