According to the Inland Revenue legislation, each company needs to estimate its final taxable income for the current year by 30 June and pay two equal installments on the estimated tax 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…

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 2nd quarter 2015…

From 2013 all Cyprus registered companies regardless their incorporation date and volume of activity are required to pay the Annual Government Levy of €350.  The Levy is payable to the Registrar of Companies by 30 June of each year. For Companies incorporated after 30 June the Levy is payable upon incorporation.  Please note that on 12 March 2014 the department…

We are pleased to inform you that the Reanda International Annual Review 2014 has been published. The Reanda International Annual Review 2014 provides an overview of our network's development and performance for the year 2014. The on-line version of the review is available on:http://www.reanda-international.com/News_Photo/pdf/Annual_Review_2014.pdf

   WHY CYPRUS   “Operating through a company registered in Cyprus can significantly reduce the tax liability of the business and the ultimate shareholders, thus increasing the net return on the investment.” Country Tax Profile Location Cyprus is an island lying at the southeastern corner of the Mediterranean. It is the third largest island in the Mediterranean. The geographical position…

The Cyprus Ministry of External Affairs and Ministry of Finance have announced that Cyprus has concluded and signed a new Double Taxation Agreement (DTAA) with Iceland. On November 13, 2014 the two countries signed the Cyprus and Iceland double tax treaty which was published in the Official Gazette of the Republic of Cyprus on December 19, 2014.  This is the…