A new double tax treaty with the United Kingdom has been signed on the 22nd of March 2018. All necessary steps have been performed by both countries and the treaty is effective since 18 July 2018. The new treaty is expected to strengthen and further develop the economic relations between the two countries. This treaty […]

The Tax Department, released an update to inform that, following the successful implementation of the compulsory electronically payment of the P.A.Y.E. Deducted that came into force as from the 1st of March 2018, the electronically tax payments will be further implemented to other taxes as well.

Both the (a) “Annual Fee” under section 4(2) of the Cyprus Registry Maintenance Annual Fee Law and the (b) “Tonnage Tax” for Cyprus ships under the Taxation of Owners of Cyprus Ships Notification of 2012 (P.I.137/2012) section 9 of the Merchant Shipping Law of 2010 (Law 44(I)/2010); are payable on the 31st of March each […]