- Corporate administrators can provide a new type of service
- Russia and Cyprus: Tax Agreement on New Terms
- Tax Residency in 90 Days
- The OECD has published the results of automatic exchange of information on financial accounts in 2020
- Cyprus: Changes in the Rules of Notional Interest Deduction
- Cyprus Government continues to actively support business
- The European Commission steps up fight against money laundering and terrorist financing
- CRS and FATCA: extension of reporting deadlines
- CySec: Changes of the Due Date for Some Obligations in Cyprus
- Communication tools with Korpus Prava specialists
Cyprus: Since 1 of July Contributions to the GESY Fund Have Increased
July 10, 2020
From March 1, 2020, contributions to the Fund of the state health insurance system of Cyprus GESY were supposed to grow as part of the second stage of the reform of this system, but due to the pandemic, a three-month delay was made from April to June.
Contributions to the Fund are provided for employers, employees, pensioners, civil servants, self-employed persons and the state.
Below is a comparative table of previously applied and increased rates:
January 24, 2020Professional Tax – new tax for Cyprus companies
At the end of 2019 Cyprus municipalities introduced a new tax for Cyprus companies called Professional Tax.
May 18, 2020CRS and FATCA: extension of reporting deadlines
In 2020, the deadlines for submitting financial statements in accordance with CRS and FATCA standards has changed.
February 17, 2020OECD has published a consultation document on the review of Country-by-Country Reporting
OECD released public consultation document that is based upon the mandate set out in the BEPS Action 13 report, and focuses on issues concerning the use of CbC reports by tax administrations for the purposes of a high level transfer pricing risk assessment. The public consultation document [...]
February 24, 2019Amendments to Cyprus Company Law
The Cyprus Department of Registrar of Companies and Official Receiver (ROC) announced amendments to the Cyprus Company Law.
December 18, 2019New penalties for late submission of HE32
As we reported earlier, the Cyprus Registrar of Companies has introduced new penalties for the late submission of the Company Annual Return (HE32), effective from the 18th of December 2019. Please note that the deadline for submission of Company Annual Return (HE32) was extended until A [...]
April 23, 2019As part of AI’s 2019 Leading Adviser Awards Korpus Prava has been recognised as Leading International Tax Planning Lawyer of the Year in Russia
In 2019 Korpus Prava was recognized as a Leading Law Firm in the field of International Tax Planning in Russia.
November 28, 2019Corporate changes on Cyprus
As of 18/12/2019, further penalties shall apply with regards to the submission of the following Notices to the Department of Registrar of Companies and Official Receiver: Notice of change of Registered Address (HE 2): Every submission beyond the time-frame prescribed by t [...]
April 13, 2020Communication tools with Korpus Prava specialists
Currently, when most of us work remotely, we would like to inform you once again that all specialists of Korpus Prava remain in touch.