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Cyprus Social Insurance

Cyprus

Cyprus Social Insurance: the Unseen Puzzle Pieces of the Fourth Contribution...

In our continued exploration of the impending changes to the Cyprus Social Insurance Fund, there’s more than meets the eye since our last update on October 5, 2023. Brace yourselves for the fourth surge in contributions, as we delve into…

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Salary Protection in Cyprus

Cyprus

Big News Alert: New Frontier of Salary Protection in Cyprus

Cyprus Ministry of Labour unveils game-changing salary protection reforms. The freshly enforced Law, No. 25(I)/2023 (as of April 16, 2023), synchronized with EU Directive 2019/1152, empowers employee conditions with greater clarity and predictability. Some of the most important provisions of…

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Cyprus Circular 9/2023

Cyprus

Cyprus Circular 9/2023: Your Essential Tax Update

Eurofast Accounting Team in Cyprus is delighted to bring you the latest insights from the Cyprus Tax Authorities. On the 20th of October 2023, the Tax Department issued Circular 9/2023, a significant development aimed at providing clarity on the revised…

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Revamping Tax Appeals

Cyprus

Cyprus: Revamping Tax Appeals for a Brighter Financial Horizon

Whether in Cyprus or elsewhere globally, submitting tax objections is your ticket to reclaiming your hard-earned money and ensuring fairness in the tax system. Don’t let overburdened tax bills or inaccuracies in your tax assessment go unchecked. By voicing your…

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Airbnb and Online Booking in Cyprus

Cyprus

Latest Shockwaves for Airbnb and Online Booking in Cyprus

On September 13, 2023, Cyprus Tax Department released guidelines on taxing rental income from self-service accommodations via online platforms like Airbnb and Booking. This news has stirred up the sharing economy sector in Cyprus. It appears that according to the…

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Navigating the Tax Tides of 2024

Cyprus

Cyprus: Navigating the Tax Tides of 2024: What’s Changing for...

In 2024, the corporate tax landscape is set for a seismic shift that will impact both multinational giants and homegrown corporations. This transformation has been looming on the horizon ever since the Organisation for Economic Cooperation and Development (OECD) rolled…

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Amendment of V.A.T. Declaration

Cyprus

Cyprus: Amendment of V.A.T. Declaration (Normal Regime)

After a relevant announcement by Cyprus Tax Authorities and in accordance with regulation 24, of the VAT of the Cyprus Regulations of 2001, when taxable persons are identified in VAT returns, which have already been submitted to proceed with corrections,…

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The 13rd & 14th Salary

Cyprus

Cyprus: The 13th & 14th Salary in Private Sector

In Cyprus, it is at private companies’ discretion to bolster up employment relationship by introducing extra salaries.  The truth is there is no legislation obliging employers in the private sector to pay benefits. However, according to the Cyprus Law on…

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Amendment of V.A.T. Declaration

Cyprus

ΚΥΠΡΟΣ : ΔΙΟΡΘΩΤΙΚΕΣ ΑΛΛΑΓΕΣ ΣΤΗ ΔΗΛΩΣΗ...

Μετά από σχετική ανακοίνωση του τμήματος φορολογίας και σύμφωνα με τον κανονισμό 24, των περί Φ.Π.Α. της Κύπρου κανονισμών του 2001, όταν άτομα υποκείμενα στο φόρο εντοπίζουν λάθη σε δηλώσεις Φ.Π.Α., οι οποίες έχουν ήδη υποβληθεί μπορούν να προχωρήσουν σε…

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The 13rd & 14th Salary

Cyprus

ΚΥΠΡΟΣ: O 13ος και 14ος ΜΙΣΘΟΣ ΣΤΟΝ ΙΔΙΩΤΙΚΟ...

Στην Κύπρο δεν υπάρχει νομοθεσία η οποία να υποχρεώνει τους εργοδότες στον ιδιωτικό τομέα να καταβάλλουν τα πιο πάνω ωφελήματα. Ωστόσο, σύμφωνα με τον περί Ενημέρωσης του Εργοδοτούμενου από τον Εργοδότη για τους Όρους που διέπουν τη σύμβαση ή τη…

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