ARTICLES
In accordance with amendments to the SCD law as of 9 June 2023, every person who has the obligation to withhold a special contribution for defense from rental payments should now make payments in 2 installments, the first by the 30th of June (for the months of January to June) and the second by the 31st of December (for the months of July to December) of each year, instead on a monthly basis which was made by the end of the month following the month when the SCD was withheld.
Latest news
The Ministry of Finance issued an announcement in relation to the extension of the deadline for the submission of the 2023 income tax return filed by individuals not preparing audited financial statements to that of 30 November 2024.…
Published: Wednesday 30 October, 2024
The tax department announced that the deadline for the filing of the individual’s tax return and the payment of any taxes due has been extended to 31 of October 2024. Employees, pensioners, and self-employed individuals with a gross total income exceeding €19,500 in 2023 are required to f...…
Published: Monday 09 September, 2024
Changes in the withholding payment of Special Defense and GESY contributions on payable rents of legal entities. The Cyprus tax authorities inform that a legal entity which pays rent to an individual to 30 of June and to 31 of December of a given year, is now liable to pay the special contributio...…
Published: Wednesday 28 February, 2024
Morison Patsalides