NEWSROOM

Earnings Threshold for Employment Contribution Purposes for 2022
05/01/2022

The earnings cap for Social Insurance purposes for 2022 has increased to €58,080 per annum (2021: €57,408 per annum).

Country by Country Reporting – Extension of Deadline
29/12/2021

The Cyprus Tax Department announced on 20 December 2021 that the submission deadline for Country-by-Country (CbC) Reporting obligations in Cyprus due to the secondary filing mechanism...

Further Extension of Deadline for Payment of Annual Levy for 2021
28/12/2021

On 21 December 2021 the Cyprus Registrar of Companies announced that the deadline for payment of the Annual Levy for 2021 is further extended from...

Deemed Dividend Distribution
21/12/2021

The Deemed Distribution (DD) provisions apply where a Cyprus tax resident company has not distributed as a dividend at least 70% of its after-tax profits...

Holidays Are Coming
07/12/2021

There is still a long way to go before we can claim that we got our lives back, but there is no doubt that great virtues have been demonstrated by people all over the world in overcoming all hurdles…

Best wishes from Seamark!

No Administrative Fines for Submission of Tax Returns until 6 December 2021
02/12/2021

The Ministry of Finance of the Republic of Cyprus announced on 1 December 2021 that there will be no imposition of administrative fines for the electronic submission...

DAC 6 – Tax Circular Providing Clarifications on Penalties
29/11/2021

On 19 November 2021 the Cyprus Tax Department issued a Circular providing clarifications on the administrative fines imposed for non-compliance with DAC6 reporting obligations.

DAC 6 - Further Extension to the Imposition of Administrative Fines for Overdue Submission of Information
23/11/2021

On 22 November 2021 the Cyprus Tax Department announced a further extension to the period over which no administrative...

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