Month: June 2020

Having successfully dealt with the Covid-19 pandemic with excellent epidemiological results and one of the lowest ratios of coronavirus cases per capita in Europe, Cyprus is ready to welcome travellers to the island.

On 2 June 2020, an amending Income Tax Law was published in the Official Gazette with respect to tax relief on rental income. The amendment was voted to support the Cyprus economy following the COVID-19 outbreak and provides a tax incentive to landlords (individuals or companies) so as to voluntarily reduce the rent charged to…

Extended deadline for the submission of 2019 personal income tax returns (IR 1) and for the payment of tax We would like to inform you that in accordance with a Decree issued on 5 June 2020, the following deadlines are extended to 30 October 2020: Electronic submission of the 2019 personal income tax return by…