We are pleased to inform you that Reanda International has launched its mobile app.   iOS version on Apple Store  Android Version on Google Play Store This Reanda App provides the Reanda insights and easy access to the contact details of our network firms at your fingertips. Better still, this App is available in English, Simplified Chinese and Traditional Chinese…

Range Extension Public Notice [2015] No. 60 provides non-resident taxpayers enjoying bilateral tax agreement and the international transport agreement with applicable unified, standardized management processes. Specific changes include: signed agreements for the avoidance of double taxation signed tax provisions of airlines, shipping and car services, tax agreement for the mutual exemption of international transport income or exchange. Cancel Approved Public…

The Reanda International network is pleased to bring to you the latest issue of PRISM – the quarterly tax newsletter, which is part of Reanda’s effort to stay in touch with our clients by sharing updates and insights on the recent taxation changes and current hot topics. Please click here to download a digital copy of the 4th quarter 2015 issue…

The Cyprus Parliament voted the following tax changes during 2015: Income Tax Law 1.    Introduction of Notional Interest Deduction (NID) in Qualifying Equity Companies resident in Cyprus and Permanent Establishments in Cyprus of non-resident Companies are entitled to a NID on equity, which is a tax allowable deduction against the taxable profits of the company.The NID is calculated by multiplying…

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…

Regarding amendment to the Immovable Property Tax Law, the immovable property tax for the year 2015 is payable by 31 December 2015. The following discount will apply if the tax liability is paid off by 1 December 2015: •    20% discount on taxable amounts for payments through the website www.jccsmart.com.cy and for payments through licensed banking institution. •    17,50% discount…