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VAT Update Amendments in Cyprus VAT Law
The House of Representatives of the Republic of Cyprus on 31/07/2020 enacted several important amendments to the Cyprus VAT law.
VAT Update ECJ case C-43/19 Termination fees subject to VAT
On June 11, 2020 the Court of Justice of the European Union (‘CJEU’) gave its judgement in case of Vodafone Portugal (C-43/19). The case concerns whether VAT
VAT Updates Reinstatement of quarterly reporting periods
The Tax Department issued an announcement earlier this week in relation to the reinstatement of quarterly reporting periods and the payment of VAT for the
VAT Updates Resumption of normal VAT return payment deadlines
The recent VAT payment deferral arrangements were a welcome concession for businesses in the early stages of the coronavirus pandemic.
VAT Updates Reduction of VAT rate for services in the tourism industry
Following on with the most recent measures announced by the Minister of Finance in support of the Cyprus economy, the Council of Ministers has issued a new
Tax update Rental income
A government bill passed, to offer tax credits to landlords as an incentive to lower rents to help tenants who find themselves in financial difficulty due to
VAT Updates New Decree changing VAT Returns and payments for certain businesses (update)
Further to our previous VAT Alert regarding the amendments of the VAT reporting periods and payment deadlines for certain businesses who have received
VAT Updates New Decree changing VAT Returns and payments for certain businesses
In an effort to satisfy the increased cash-flow requirements of the Cyprus Government resulting from the COVID-19 outbreak, the Council of Ministers issued on
VAT Updates Withdrawal of the requirement to make VAT prepayments for certain categories of businesses
The Ministry of Finance has issued an announcement declaring that the Decree will not be brought into effect.
VAT Updates Requirement to make VAT prepayments for certain categories of businesses
On 2 April 2020, the Council of Ministers issued a Decree requiring certain categories of taxpayers to make advanced VAT payments.
News alert Cyprus Government Tax and VAT measures in response to COVID-19
Following our alert issued on 18 March 2020, we note that the House of Representatives proceeded with the approval of the relevant Tax and VAT legislations on
PROFESSIONAL SERVICES The coronavirus call to action: diversify, digitise, develop
As the world faces its biggest healthcare challenge in more than a generation, the social impacts of the coronavirus (COVID-19) will be fast and prolonged.