Welcome to our 5 minute tax update broadcasted monthly. The aim of our tax webcasts is to provide a brief summary of local and international tax events impacting Cyprus.

In this Tax Webcast, we cover the following topics:

1. Local tax developments

1. 1 Amending Law to extend the submission deadline for tax returns

1. 2 Amending Laws to publish the decisions of the Tax Tribunal

1. 3 Amending Law to extend the deadline for entering the scheme for the settlement of overdue taxes

1. 4 Tax bill providing tax reliefs for loan restructurings

1. 5 Tax bill to tax short term property rentals

2. International developments

2. 1 Tax intermediaries' directive

3. Tax treaties update

3. 1 Conclusion of negotiations of the treaties for the avoidance of double taxation between Cyprus – Kazakhstan and Cyprus - Vietnam

4. Tax Diary for July 2018

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.