BLOG

our latest updates

ΓΕΣΥ
Healthcare - Tax

ΓεΣΥ, Γενικές πληροφορίες

Όπως ήδη γνωρίζετε το ΓεΣΥ μπήκε σε εφαρμογή από τις 01/06/2019 και οι αποκοπές ξεκίνησαν από τις 01/03/2019.  Η σωστή εφαρμογή του κανονισμού αφορά τόσο τα φυσικά πρόσωπα όσο και τα νομικά, όπου θα είναι υπεύθυνα για την παρακράτηση της εισφοράς. Έχοντας διαβάσει και αναλύσει τις διάφορες εγκυκλίους και ενημερωτικά έντυπα, σημειώσαμε τα πιο κάτω …

Official Interest Rates
Tax

Official Interest Rates

The official interest for 2019, as set by the Ministry of Finance is 2%. For previous years please refer to the below list: 2018 | 3.50% 2017 | 3.50% 2016 | 4.00% 2015 | 4.00% 2014 | 4.50% 2013 | 4.75% 2012 | 5.00% 2011 | 5.00% 2010 | 5.35% 2009 | 8.00% 2008 | …

Cyprus Annual Fee 350
Tax

Cyprus Annual Levy (€350), Step by Step Guide

Annual Levy is a “special tax” imposed to all Cyprus registered companies. From 2011 and onward, a yearly levy of €350 is imposed to all Cyprus companies, and its payable on the 30th of June each year. How can I check which years the levy is paid? The only way to check which years the …

Cyprus Non-Domiciled Explained
Tax

Cyprus Non-Domiciled Explained

Cyprus Tax ResidencyWe recently looked at the ways in which tax residency can be obtained in Cyprus. Specifically, Cypriot legislation states that individuals whose physical presence in Cyprus exceeds 183 days during a tax year (the period from 1stJanuary until 31stDecember) are considered to be a Cyprus Tax Resident.  We also explained the new 60-day rule, …

The 60 Day Rule explained
Tax

The 60 Day Rule explained

Many of our readers are probably aware that Cypriot legislation states that individuals who spend more than 183 days during a tax year (the period from 1stJanuary until 31stDecember) in Cyprus are considered a Cyprus Tax Resident.  As of 1stJanuary 2017, however, the new 60-day rule can also be applied, which offers individuals the option …

Commencement of General Healthcare System
Healthcare - Social Insurance

Commencement of General Healthcare System

The General Healthcare System Law of 2010 (as amended in 2017), is set to come into effect in 2019. Under this law, the Republic of Cyprus will offer its citizens a General Healthcare System (GHS), a modern, people-centric healthcare system that aims to provide all citizens with equal access to healthcare services. For the implementation …

Social Insurance

Social Insurance Contributions Increase in 2019

The Social Insurance Scheme of the Republic of Cyprus is financed by contributions paid by employers, insured persons, and the State, as a percentage of an employee’s insurable earnings. Employers are liable to pay contributions to the Social Insurance, Annual Holidays, Redundancy, Human Resource Development and Social Cohesion Funds for each of their employees. As …