ARTICLE
21 October 2019

Tax Webcast September 2019 (Video)

DC
Deloitte Cyprus

Contributor

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Deloitte Cyprus is among the nation’s leading professional services firms, providing audit & assurance, tax & legal, consulting, financial advisory, wealth advisory and a complete range of services to international business focusing on accounting and payroll, tax compliance and the formation and administration of companies, partnerships and trusts.
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.
Cyprus Tax
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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 Clarification of the Tax Department on the imposition of 3% SDC on interest from corporate bonds

1. 2 MoF's intention to submit a bill to increase allowable tax deduction for individuals for contributions to certain Funds

1. 3 MoF's proposal to oblige service providers & merchants to accept card payments

1. 4 MoF's proposal for the compulsory submission of income tax returns by all citizens

 

2. International developments

2. 1 European Commission checklist for Brexit
 

3.  Tax diary for September 2019

30 September 2019

-      Deadline for the electronic submission of the 2018 personal tax return by self-employed individuals who do not prepare audited Financial Statements, if their gross income exceeds €19.500.

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.

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