News

Filing of 2017 individual tax returns

The Cyprus Tax Department has announced that 31 October 2018 is the deadline for employees and self-employed individuals who are not required to submit audited financial statements to file their tax returns for the year 2017 and settle any tax liability for the year. Returns may only submitted online via the department’s TAXISnet system and

Cyprus Securities and Exchange Commission risk-based reporting for Cyprus Investment Firms

The Cyprus Securities and Exchange Commission (“CySEC”) has announced the detailed arrangements for regulated Cyprus Investment Firms (“CIFs”) to submit information regarding the year 2017 for the purposes of risk-based supervision. All CIFs which were authorised and undertaking activities at 31 December 2017 are required to complete form RBSF-CIF, which is available on the CySEC

Amendment of the Assessment and Collection of Taxes Law of 1978

The Assessment and Collection of Taxes Law of 1978 has been amended in preparation for the completion of the transition to mandatory online filing of all tax returns and self-assessment declarations by electronic means. The Assessment and Collection of Taxes (Amendment) Law of 2018 (Law 44(I) of 2018) deletes article 12B of the existing law

Electronic submission of tax returns for 2017

The Cyprus Tax Department has announced that the system for electronic submission of tax returns for 2017 by employees and self-employed individuals is now live. Electronic submission of returns by means of the department’s Taxisnet system is now mandatory. In order to help taxpayers adapt to the new system the Tax Department is organising workshops

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