According to the Income Tax Office legislation, each company needs to estimate its final taxable income for the current year and pay two equal installments on the estimated tax before/at the following dates:1. 31 July - current year2. 31 December - current year If the Company fails to do so by submitting the IR6 declarations and its operations result in…

According to an official interpretation of the Double Taxation Avoidance Agreement between Greece and Cyprus (DTAA) issued by the International Economic Relations Directorate (IERD) of the Greek Ministry of Finance, dated 31 March 2016, the Cyprus corporate income tax (12,5%) can be credited against the Greek tax on dividends (15%). The interpretation states that a tax credit must be granted…

Σύμφωνα με επίσημη ερμηνεία ημερομηνίας 31 Μαρτίου 2016 (ΔΟΣ Α 1051902 ΕΞ 2016) της Διεύθυνσης Διεθνών Οικονομικών Σχέσεων (ΔΟΣ) της Ελλάδας για τη σύμβαση αποφυγής διπλής φορολογίας (ΣΑΔΦ) μεταξύ Ελλάδας και Κύπρου, ο κυπριακός φόρος εισοδήματος (12,5%) μπορεί να πιστωθεί έναντι του ελληνικού φόρου μερισμάτων (αυξήθηκε πρόσφατα στο 15%). Σύμφωνα με την ερμηνεία της ΔΟΣ για τις διατάξεις περί φορολογίας…

 The United Arab Emirates (UAE) has a unique and important position not only in the Middle East but in the global business environment as well. The world renowned United Arab Emirates is a federation of seven emirates namely Dubai, Abu Dhabi, Sharjah, Ras Al Khamiah, Ajman, Fujairah and Umm al-Quwain. The most famous emirate amongst the seven is Dubai which…

Singapore - Russia Singapore and Russia signed a Protocol on 17 November 2015 to amend the existing Double Taxation Agreement (“DTA”) which is expected to enhance trade and investment flows between the two countries. The Protocol was signed in Moscow between Singapore’s Ambassador to the Russian Federation, Ms Kim Keng Hua and Russian Deputy Minister of Finance, Mr Sergey Shatalov.…

All Cyprus registered companies are required to pay the Annual Government Levy of €350 to the Registrar of Companies by 30 June of each year.  Penalties apply in case of delayed payments. For Companies incorporated after 30 June the Levy is payable upon incorporation. Please note that the Levy is payable only through the Department’s website and through JCCsmart. If…