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 Tax bill to amend the Law Regulating the Settlement of Overdue Taxes

1.2 Revised T.D.2001 for Investment Funds

1. 3 Proposal for compensatory measures against the newly introduced contributions to the General Healthcare System

2. International developments

2. 1 Updated EU list of non-cooperative jurisdictions

3. Tax treaty developments

3. 1 Agreement between the Republic of Cyprus and Kazakhstan for the avoidance of double taxation

4.  Tax diary for June 2019

30 June 2019

-      Payment of tax balance for the tax year 2018 through self-assessment by individuals who don't prepare audited Financial Statements.

-      Payment of SDC on rents, dividends and interest from sources outside of the Republic for the first 6 months of 2019.

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.