News and Legal Updates | Areti Charidemou & Associates LLC Law Firm - Cyprus Lawyers, Limassol Lawyers

29 08 '19

Congratulations to our Trainee Lawyer, CFO and Partner

We are proud to announce that all our trainee lawyers have succeeded in their professional examinations for admission to the Cyprus Bar Association. Yioulia Svana, Marissa Ferentintou, Ioanna Mesimeri and Loukiana Protopapa joined us last year as law graduates and during their training contracts with Areti Charidemou & Associates LLC have worked at the Property…

01 07 '19

Temporary tax assessments Newsletter

13 06 '19

Submission of Personal Income Tax form (IR1) and Payment of Income tax due

Employees The deadline for settlement of income tax due via self-assessment (as per the T.D.1 form) and the deadline of electronic submission of T.D.1 form is: 31 July 2019. ‘Self-employed’ whose annual turnover does not exceed €70.000 For ‘self-employed’ individuals whose annual turnover does not exceed €70.000 and who do not have an obligation to…

13 06 '19

Cyprus–Kazakhstan: Double Tax Treaty

The Cyprus Ministry of Finance has announced that Cyprus and Kazakhstan signed a first-time Double Tax Treaty (DTT) on 24 May 2019. The agreement is based on the OECD (Organisation for Economic Co-operation and Development) Model Convention for the Avoidance of Double Taxation and the Prevention of Tax Evasion. Main Provisions Withholding tax rate on…

20 05 '19

Cooperation between the Cyprus University of Technology and Areti Charidemou & Associates LLC and Oktonex.

We are proud to announce the signing of a cooperation agreement between the Cyprus University of Technology and Areti Charidemou & Associates LLC and Oktonex. The objective of this agreement is to promote relations among all parties but also to establish a successful cooperation in fields of common interest through the execution of activities and…

07 05 '19

Announcement concerning clarification for the Cyprus Investment Programme

In accordance with the decision of the Council of Ministers dated 13.2.2019 investors, who will submit an application on the basis of the Cyprus Investment Programme (Programme) from the 15th of May 2019 and onwards, are obliged to meet the criterion A.1 (Donation to the Research and Innovation Foundation and the Cyprus Land Development Corporation)….

05 03 '19

National Health Insurance System (NHIS) contribution commencement

According to the National Health Insurance System Law of 2010 (as amended in 2017), employer and employee contributions for the implementation of the system commence in 2019. Specifically, as of 1/3/2019, Public and private employees, pensioners, state officials and rentiers will contribute 1.7% of their monthly income, while self-employed persons will have to pay 2.55%….

05 03 '19

Exit of the United Kingdom from the European Union – VAT Treatment

VAT Treatment Exit of the United Kingdom from the European Union REQUIREMENTS FOR SUBMISSION OF INTRASTAT/VIES DECLARATIONS The United Kingdom submitted on 29 March 2017 the notification of its intention to withdraw from the Union pursuant to Article 50 of the Treaty on European Union. In the absence of a Withdrawal Agreement, the UK will…

04 03 '19

Recent Developments boosting Cyprus’ Economic Outlook

The Government of Cyprus issued its first ever 15 year bond at 2.75%. The EUR 1bn Bond was oversubscribed more than 8 times! The Republic of Cyprus, successfully launched a first ever 15-year bond, due 26 February 2034, the longest in its history. The EUR1bn bond carries a coupon of 2.75%. Citi, Goldman Sachs and…

20 02 '19

Changes in Cyprus Citizenship Programme by investment 2019

The Cyprus Cabinet approved a series of changes in the Cyprus Investment Programme in order to make the Cyprus Investment Programme even more targeted and trustworthy, Finance Minister Harris Georgiades said. the Minister pointed out the mandatory contribution to the Foundation for Research and Innovation to further encourage the creation of an eco-system of business…