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Tax Webcast January 2019

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.

Subscribe to our Tax Webcasts to be notified when a new video is out via our website or YouTube channel.

In this Tax Webcast, we cover the following topics:

1. Local tax developments

1. 1 Amending Income Tax Law providing incentives for the film industry

1. 2 Interpretative Circular 31 – Clarification for the qualifying income for the 50% exemption of section 8(23) of the Income Tax Law

1. 3 Tax Department announcement on Country by Country Reporting (CbCR)

1. 4 Decree specifying the public interest rate for 2019

2. Tax treaties update

2. 1 Amending Protocol to the treaty for the avoidance of double taxation between the Republic of Cyprus and the United Kingdom

3. International developments

3. 1 Legislation on economic substance passed in the BVIs

4.  Tax diary 

31 January 2019

-      Submission of deemed dividend distribution declaration for the tax year 2016

-      Payment of the 2nd instalment of the 2018 provisional tax, without incurring any interest, assuming no change has been made to the provisional tax declaration

     28 February 2019

-      Submission of objections issued in December 2018

5.  2019 Tax Facts Guide

-      Download 2019 Tax Facts Guide

Related Links

 

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