News
Tax Webcast January 2020
Cyprus Tax Webcasts
Welcome to our 5 minute tax update broadcasted monthly. The aim of our tax webcasts is to provide a brief summary of local and international tax events impacting Cyprus.
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Agenda
In this Tax Webcast, we cover the following topics:
1. Local tax developments
1.1 Extension of tax free loan restructurings
1.2 Increase of the limit for certain allowances for individuals from 1/6 to 1/5
1.3 Amending SDC law for Deemed Dividend Distributions
1.4 Amending Income Tax law for the resolution of double taxation disputes
1.5 Tax bill to extend the scheme for investment in innovative business
2. Tax treaty developments
2.1 Ratification by Kazakhstan of the treaty for the avoidance of double taxation between Cyprus - Kazakhstan
2.2 Negotiations for the signing of revised treaties for the avoidance of double taxation between Cyprus – Poland and Cyprus – France
3. International developments
3.1 Multilateral Instrument (MLI) & Instrument of Ratification published in the Official Gazette
4. Tax diary for January 2020 and February 2020
31 January 2020
- Submission of the deemed dividend distribution declaration for the tax year 2017
- Payment of the 2nd instalment of the 2019 provisional tax, without incurring any interest
28 February 2020
- Submission of objections on assessments issued in December 2019
Archive
The previous 2019 Tax Webcasts (with full description) are available below.
You can also find the rest of our archived videos on Youtube.
Disclaimer Note
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Please note that the comments made in this presentation, to some extent, are based on material obtained from sources outside Deloitte.
This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively, the ″Deloitte network″) is, by means of this video, rendering professional advice or services.
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