Further extension of DAC6 deadline

On the 3rd of June 2021, the Tax Department issued an announcement stating that there will be no imposition of administrative fines for the overdue submission of DAC6 information until the 30th of September 2021. This is a further extension to the one granted by the Ministry of Finance on the 26th of February 2021, […]

New deadline for submission of 2019 Tax Returns.

On 12 March 2021, a decree from the Minister of Finance was published in the Official Gazette of the Republic.  The decree extends the deadline for the submission of the 2019 Tax Returns for companies (T.D.4) and for self-employed individuals who are obliged to prepare audited accounts (T.D.1 self-employed).  The new deadline for submission of […]

DAC6 –Directive of the Council of EU on mandatory disclosure and exchange of information on cross-border arrangements. Extension to the moratorium on the imposition of administrative fines for overdue submission of information

The Tax Department of Cyprus announced, on 26 February 2021, that there will be no imposition of administrative fines for overdue submission of DAC6 information in the following cases, provided that the relevant information is submitted by 30 June 2021: (a) Reportable cross-border arrangements that were made between 25 June 2018and 30 June 2020, information […]

Cyprus launches UBO register

Author: Elena Christodoulou, Fabian Cabeza Firm: Elias Neocleous & Co LLC Publisher: International Law Office Download

Taxation of cross-border investments in and from CEE countries 2020 – Cyprus

Elias Neocleous & Co LLC is proud to have contributed the Cyprus content of a new publication, the ‘‘Taxation of cross-border investments in and from CEE countries 2020 – Cyprus’’.  The publication is a project coordinated by Loyens & Loeff, and it provides a comprehensive overview of the current state of play in Cyprus with […]