Yearly Archives: 2019

Dear partners and colleagues, dear friends! We wish you and your loved ones a happy International Women’s Day! May you find success in everything you do, and enjoy the durable relationship both in business and in personal life!  May you be blessed with love, continuous professional growth and truly vernal […]

Women’s day / Announcement

The Cyprus Tax Department has now announced the 10-year government bond yields as of 31 December 2018, which will be used as the basis for the Notional Interest Deduction (NID) for the tax year 2019 (original announcement in Greek). Note: NID is a new tax incentive introduced back in 2015. Under this […]

Notional Interest Deduction on New Capital – 2019

According to the National Health Insurance System Law of 2010 (as amended in 2017), employer and employee contributions for the implementation of the system commence in 2019. As from 01st of March, 2019, employers will contribute 1,85% and the employees 1,70% on the employee’s earning. The procedure will be the […]

National Health Insurance System (NHIS)

31 January • Submission of the declaration of deemed dividend distribution (Form IR623) for the year ended 31 December 2016. 31 March • Electronic submission of 2017 tax returns (Form IR4) for companies. • Electronic submission of 2017 tax return (Form IR1) for physical persons preparing audited financial statements. 30 […]

Tax diary – Cyprus 2019