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…

In view of the strict restrictive measures imposed, the Municipality of Limassol informs the public that the deadline for the payment of the annual licensing fee has been extended to 31/05/2020. For more information or clarifications, you can contact our Operation Compliance Officer Mrs. Vicky Koula at  +357 25 50 80 80 as well as…

Areti Charidemou & Associates LLC wishes to inform its Clients that on 16/03/2020 the Members and the President of the Supreme Court of Cyprus, in the presence of the Minister of Justice and Public Order, the Attorney General and the President of the Cyprus Bar Association, unanimously, decided the following measures, amongst others, in order…

Areti Charidemou & Associates LLC amid coronavirus outbreak decided the following in order to preserve the health and safety of our Clients and our Employees. To suspend and reschedule all of our business trips. To minimize the risk of spreading coronavirus we encourage conference calls, Skype meetings or phone calls with our Clients instead of…

We are pleased to announce that the Senior Associates Katia Tsangari and Andria Antoniou make Partner with Areti Charidemou & Associates LLC. The Firm’s management would like to thank them for their loyalty, dedication and valuable contribution to the firm’s growth and wish them every success to their new role and responsibilities.

The deadline for the settlement of the second instalment of the 2019 temporary tax is the 31st of December 2019. The deadline refers to the second and final instalment of the temporary tax for the current year, which all Cyprus tax resident companies and individuals having income subject to income tax other than salary income…

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…