- CIRCULARS CIF: C543 to Cyprus Investment Firms – Country Analysis Form (Form CA-CIF) – 31/12/2022 Submission CySEC – Latest Entries
- CIRCULARS CIF: C542 to Cyprus Investment Firms – Quarterly Statistics (Form QST-CIF) – 31/12/2022 Submission CySEC – Latest Entries
- UK cites security risk as it orders sale of Russian-backed broadband provider FT
- Total loosens Russian ties with Novatek writedown FT
- CIRCULARS CIF: C539 to Cyprus Investment Firms – Cross Border Reporting Template (CBRT-CIF) – 31/12/2022 Submission – Further Clarifications CySEC – Latest Entries
- EU to propose sanctions on Russia’s mining industry FT
- BOARD DECISIONS: CySEC Decision for the withdrawal of authorisation of Investment Compartment REFALCO CYPRUS INVESTMENT OPPORTUNITIES FUND CLASS A INVESTMENT SHARES (EUR) DISTRIBUTING (RAIF21_1) CySEC – Latest Entries
- European Commission proposes international tribunal to prosecute Russia war crimes in Ukraine JURIST – News – Legal News & Commentary
- CIRCULARS CIF: C537 to Cyprus Investment Firms – Cross Border Reporting Template (CBRT-CIF) – 31/12/2022 Submission CySEC – Latest Entries
- OECD has released Global Anti-Base Erosion Model Rules (Pillar Two)
Professional Tax – new tax for Cyprus companies
January 24, 2020
At the end of 2019 Cyprus municipalities introduced a new tax for Cyprus companies called Professional Tax.
The amount of this tax per year will be EUR 150, for companies in the group – EUR 80, for dormant companies – EUR 50. According to general rule the municipality sends a notification for EUR 150, so the last two types of companies need to send proof in the form of financial statements to the municipality.
Also, according to general rule the tax must be paid by December 31 of the year in which the notification of its payment was received.
For now, the tax applies only to companies registered in the municipality of Limassol and Nicosia, but perhaps later it will be extended to all the cities of Cyprus.