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…
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…
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…
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…
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…
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…
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,…
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…
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…
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…