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Andrea Antoniou, Partner of our Law firm, discusses her journey to partnership and gives her perspective on Cyprus legal system.Don’t miss her interview featured in the August issue of Gold Magazine!!

On 15 July 2022, the Cyprus House of Representatives voted in favour of a bill which replaces two of the existing income tax exemptions for employment income with new versions. We outline below the new income tax exemptions, which are subject to conditions: New 50% exemption on remuneration will apply as from 1 January 2022,…

According the Cyprus Income Tax Laws, all companies that will have taxable income for tax year 2022 should submit to the Tax Authorities by 31 July 2022, a temporary tax return form (T.D6), based on their estimated taxable profits for the current year and pay the temporary tax in two equal instalments before or on…

Socrates Ellinas, Partner – Managing Director, Areti Charidemou & Associates LLC, shares his views on why Limassol is a pole of attraction for international business seeking quality professional services.

Cyprus ranks first among the countries of the European Union and the world, in terms of the percentage of blood donors, which reaches 9% of the population. Seventy thousand units of blood collected every year prove the social sensitivity of Cypriots.

A legal obligation and the benefits Failing to carry out a DPIA or conducting a DPIA in an incorrect manner can lead to fines up to €10.000.000 or, if it’s company to be penalized, the fine may be up to the 2% of the total worldwide annual turnover of the previous financial year.Therefore, complying with…

The Tax Department informs that the submission of electronic Income Tax Return for employees, pensioners and self-employed individuals who do not prepare audited financial statements (Form T.D.1) for the year 2021 is available for submission.

Payment of PAYE relating to employees’ salaries for the previous month Payment of Special Defence Contribution and General Healthcare Contributions withheld on dividends or interest or rent paid of Cyprus tax residents in the previous month Payment of tax withheld on payments to non-Cyprus tax residents of the previous month Payment of Social Insurance and…

How Areti Charidemou & Associates LLC has created a great workplace culture by lending an ear to its employees and encouraging them to express themselves.

We would like to remind you that the Cyprus Tax Department had announced the submission deadlines with respect to the electronic declarations of withheld Special Defence Contribution and contributions to the General Healthcare System. The below electronic forms have replaced printed forms 61AΤ and 61AM and can now only be submitted through the TAXISnet online…

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