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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.

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

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

Related Links

 

Archive

 

The previous 2019 Tax Webcasts (with full description) are available below.

November 2019

October 2019

September 2019

July 2019

June 2019

May 2019

April 2019

March 2019

February 2019

January 2019

You can also find the rest of our archived videos on Youtube.

Disclaimer Note

 

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

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.

No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person who relies on this video.

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