TAX INFORMATION 7/2017

TAX INFORMATION 7/2017

Value Added Tax

On November 3rd, 2017, the House of Representatives passed amendments to the Law on Value Added Tax. Based on the amendments, 19% VAT is imposed.

PEK Ltd
Chartered Certified Accountants
17 Demosthenis Severis Avenue
Central court, 3rd floor
1080 Lefkosia
PO Box 28978
2084 Nicosia

Tel: +357 22 865000
Fax: +357 22 865001

E-mail address: info@pek-cy.com
Website: www.pek-cy.com

TAX INFORMATION 5/2017

According to the legislation, an individual who spends more than 183 days in Cyprus is considered as Cyprus tax resident.
The amendment of the Income Tax Law extents the definition of “Cyprus tax resident” for individuals. The amendment applies retrospectively as from 1 January 2017.
With the amendment to the legislation and the introduction of a new “60-day” rule, an individual who does satisfy all of the following conditions may still be deemed to be Cyprus tax resident if he/she:

Tax Info 3.2017

TAX INFORMATION 3/2017

New Law regulating settlement of due taxes

Following our tax information 2/2017, we inform you that the Notification regarding the settlement of due taxes voted on 3 February 2017 was published in the Official Gazette.

PEK Ltd
Chartered Certified Accountants
17 Demosthenis Severis Avenue
Central court, 3rd floor
1080 Lefkosia
PO Box 28978
2084 Nicosia

Tel: +357 22 865000
Fax: +357 22 865001