Cyprus:
Tax Residency And Permanent Establishment Risks – COVID-19
03 March 2021
Ernst & Young Cyprus Ltd
To print this article, all you need is to be registered or login on Mondaq.com.
On 25 January 2021, the Tax Department issued Application
Guidance No. 07/2021 which relates to tax residency and permanent
establishment considerations in the context of the COVID-19
pandemic.
Application Guidance No. 07/2021 confirms that the provisions
stipulated in the Application Guidance No. 04/2020 (issued on 27
October 2020) continue to proportionately apply in the year 2021
for as long the global special measures relating to COVID-19
pandemic are in force.
Please refer to the Tax Alert issued by EY, dated
October 2020 for more information.
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.
POPULAR ARTICLES ON: Tax from Cyprus
Tax Saving Tips For Your Cyprus Company
McMillan Woods
Cyprus has an extensive network of double tax treaties with various countries, which can help in reducing or eliminating double taxation. Take advantage of these treaties to minimize your tax liabilities.
Green Tax Incentives - Increase In Capital Allowances
KPMG in Cyprus
Following the publication in the Government Gazette on 12 April 2024 of Law N.45(I)/2024, increased capital allowances will be granted on capital expenditure incurred during the tax years 2023-2026 ...