News and Legal Updates | Areti Charidemou & Associates LLC Law Firm - Cyprus Lawyers, Limassol Lawyers

11 11 '19

Annual returns for year 2019 (HE32)

All Cyprus companies have an obligation to file to the Registrar of Companies an Annual Return (HE32), which must be accompanied by the audited financial statements of the previous year. The Annual Returns (HE32) are always accompanied by the audited financial statements of the previous year (e.g. the Annual Return (HE32) for the year 2019…

11 09 '19

EU AntiTax Avoidance Directive (ATAD)

The Cyprus Parliament voted on 5 April 2019 the first implementation law in Cyprus of the EU AntiTax Avoidance Directive (ATAD) and specifically on the following areas: Controlled Foreign Company (CFC) rule – effective date 01 January 2019 (Net) Interest limitation rule – effective date 01 January 2019 General Anti-Abuse rule (GAAR) – effective date…

11 09 '19

Reduction of Special Contribution for Defence Rate

The Special Contribution for Defence rate on the interest income received by Cyprus tax resident domiciled individuals from corporate bonds has been reduced from 30% to 3%. The above amendment to the Special Contribution for Defence Law (“The Law”) was published in the Official Government Gazette on 26 June 2019. According to the amendment of…

29 08 '19

Congratulations to our Trainee Lawyer, CFO and Partner

We are proud to announce that all our trainee lawyers have succeeded in their professional examinations for admission to the Cyprus Bar Association. Yioulia Svana, Marissa Ferentintou, Ioanna Mesimeri and Loukiana Protopapa joined us last year as law graduates and during their training contracts with Areti Charidemou & Associates LLC have worked at the Property…

01 07 '19

Temporary tax assessments Newsletter

13 06 '19

Submission of Personal Income Tax form (IR1) and Payment of Income tax due

Employees The deadline for settlement of income tax due via self-assessment (as per the T.D.1 form) and the deadline of electronic submission of T.D.1 form is: 31 July 2019. ‘Self-employed’ whose annual turnover does not exceed €70.000 For ‘self-employed’ individuals whose annual turnover does not exceed €70.000 and who do not have an obligation to…

13 06 '19

Cyprus–Kazakhstan: Double Tax Treaty

The Cyprus Ministry of Finance has announced that Cyprus and Kazakhstan signed a first-time Double Tax Treaty (DTT) on 24 May 2019. The agreement is based on the OECD (Organisation for Economic Co-operation and Development) Model Convention for the Avoidance of Double Taxation and the Prevention of Tax Evasion. Main Provisions Withholding tax rate on…

20 05 '19

Cooperation between the Cyprus University of Technology and Areti Charidemou & Associates LLC and Oktonex.

We are proud to announce the signing of a cooperation agreement between the Cyprus University of Technology and Areti Charidemou & Associates LLC and Oktonex. The objective of this agreement is to promote relations among all parties but also to establish a successful cooperation in fields of common interest through the execution of activities and…

07 05 '19

Announcement concerning clarification for the Cyprus Investment Programme

In accordance with the decision of the Council of Ministers dated 13.2.2019 investors, who will submit an application on the basis of the Cyprus Investment Programme (Programme) from the 15th of May 2019 and onwards, are obliged to meet the criterion A.1 (Donation to the Research and Innovation Foundation and the Cyprus Land Development Corporation)….

05 03 '19

National Health Insurance System (NHIS) contribution commencement

According to the National Health Insurance System Law of 2010 (as amended in 2017), employer and employee contributions for the implementation of the system commence in 2019. Specifically, as of 1/3/2019, Public and private employees, pensioners, state officials and rentiers will contribute 1.7% of their monthly income, while self-employed persons will have to pay 2.55%….