Τροποποίηση του Όγδοου Παραρτήματος στον περί ΦΠΑ Νόμο
Στις 11 Νοέμβριου 2022 το Υπουργικό Συμβούλιο, ασκώντας τις εξουσίες που έχει, τροποποίησε μέσω διατάγματος (ΚΔΠ 423/2022) το Όγδοο Παράρτημα του Περί ΦΠΑ Νόμου Ν95(Ι)/2000 με ισχύ του διατάγματος την 11η Νοέμβριου 2022. Οι τροποποιήσεις που έχουν γίνει αφορούν...
Read moreStrategy for attracting businesses and talented people in Cyprus – Digital Nomad Visa
The Council of Ministers approved the BUSINESS FACILITATION UNIT (BFU). The Strategy is a very important initiative towards attracting both international businesses and talent. It includes a series of actions and reforms in several areas of intervention, aiming to...
Read moreExemption Of Natural Persons From The Obligation To Submit A Personal Income Tax Return (T.D. 1 form) for The Year 2021
The Council of Ministers, exercising its powers conveyed to it by the Assessment and Collection of Taxes Law, issued a decree exempting natural persons, whose total gross annual income is below €19.500, from the obligation to submit a personal income tax return for the tax year 2021. The decree was published in the official gazette of the Republic on 4th of February 2022. As a reminder, the amending Assessment and Collection of Taxes issued in August 2020 provided that as from the year 2020, it would be mandatory for all taxpayers to submit tax returns irrespective of their income level. The law also provided that the Council of Ministers, through a Decree, may determine the criteria based on which individuals whose gross income does not exceed €19,500 have no obligation to submit a tax return
Read moreΑλλαγές στον χειρισμό του ηλεκτρονικού εμπορίου
Σύμφωνα με την ευρωπαϊκή Οδηγία ΦΠΑ που θα εφαρμοστεί και στην Εθνική Νομοθεσία, από την 1η Ιουλίου 2021, αλλάζει σημαντικά ο τρόπος χειρισμού του διασυνοριακού εμπορίου προς μη υποκείμενα στον φόρο πρόσωπα. (Business to Consumer -B2C). Οι αλλαγές που...
Read moreVAT on building land reduced to 5%
VAT on building land reduced to 5% The Cyprus Council of Ministers decided on September 11th to reduce the VAT rate on building land from 19% to 5% in the form of a refund, under certain conditions. The...
Read moreRecent amendments in the VAT regulations
VAT regulation amendments The following VAT legislation amendments were published recently and have retrospective effect from 1st of January 2019. Invoicing rules From 1 January 2019, a supplier using the Mini One Stop Shop (MOSS) will only have...
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