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Tax Update – Ukraine Legislative Changes During 2020, several laws of Ukraine have been amended in order to align the tax legislation with OECD’s Anti-BEPS initiative. Amongst the changes introduced, the Parliament of Ukraine amended the Tax Code of Ukraine Purposed to Improve the Administration of Taxes, Eliminate Technical and Logical Inconsistencies in the Tax...
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Deadline extension for the Submission of 2020 tax returns Please be informed that an amendment to the Assessment and Collection of Taxes Law has been voted and published in the Official Gazette of the Republic on 20 April 2021. In accordance with this amendment, the following deadlines have been extended to 30 September 2021: Electronic...
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Why is Cyprus an attractive destination for International Headquarters? Over the last few years, many international groups are looking to re-locate their headquarters and Cyprus, a well-established business hub, has been increasingly popular as a country of choice. This is due to the several benefits associated with setting up offices in Cyprus. Geographically, Cyprus has...
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As per the announcement of 24/03/2021 of the Civil Registry and Migration Department, the Cyprus permanent residency program has been amended as follows: LEGAL FRAMEWORK Pursuant to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, third country nationals may be granted an immigration permit subject to satisfying the below quantitative and qualitative...
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Following previous announcements, we would like to inform you that the Prevention and Suppression of Money Laundering and Terrorist Financing Law 188(I)/2007 (AML Law) has been amended on the 18th of February 2021 in order to be fully aligned with the EU Directive 2018/243. As per this amendment, a registry of Ultimate Beneficial Owners of...
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Income Tax Return – Deadline extension The deadline for the electronic submission of the income tax return for the tax year 2019, for companies and self-employed persons whose turnover exceeds the amount of €70,000 and have the obligation to prepare audited accounts, has been extended from 31 March to 30 September 2021. Our team is...
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Please be informed that the deadline for the payment of SDC and GHS contributions on deemed dividends for the tax year 2018 has been extended from 31 January 2021 to 30 April 2021. Which companies are subject to SDC and GHS contributions on DDD? Any company which has not distributed at least 70% of its...
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