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In 2016, Cyprus adopted amendments to the Income Tax Laws and to the Cyprus Intellectual Property (IP) regime, to fully comply with the EU legislation and the relevant OECD recommendations of the BEPS Action 5. The amendments apply retrospectively as … Continue reading →

We would  like to inform you that the first installment of the “Provisional Tax 2020” is payable until 31 July 2020.

The international business environment has been changing rapidly over the past few years since there is a global movement towards transparency which leads to the introduction of the new stricter legislations and Anti Money Laundering procedures. The banking sector has … Continue reading →

The Cyprus Tax Department launched last week the digital “Tax Portal” aiming to assist tax payers through an online and automatic platform without physical presence of the citizens at the tax offices and time consuming procedures.

The European Council on the 24th of June approved the optional 6 months postpone of DAC6 related to the Exchange of Tax Information between European Countries, in the view of Coronavirus crisis.

GHS (GESY) contribution rates for June 2020 are as follows based on announcement received from the Ministry of Labour

In general, for the granting of permit for the employment of third country nationals in Cyprus, there are several conditions which have to be met. The basic conditions are the absence of prospects to meet the specific needs of the … Continue reading →

Globalserve Consultants Ltd would like to remind you that for all the Cyprus companies, the 2020 levy of a €350 is now due for payment.

Panama implements the Private and Unique Registry System for Final Beneficiaries of Legal Entities. “Private and Unique System of Registration of Final Beneficiaries of Legal Entities” was approved in Panama on March 17, 2020 and became law on March 20, … Continue reading →

We would like to update you with respect to the Belize companies requirement for Tax Identification number (TIN).