Loading...
topic
HOME  /  NEWS  /  THE LAW REGULATING THE SETTLEMENT OF OVERDUE TAXES

NEWS

Search News

The Law Regulating the Settlement of Overdue Taxes

 On 27 January 2017, the Cyprus Parliament approved a new Law ("the Law") which provides a procedure for the settlement of overdue taxes, including interest and/or penalties accrued thereon.

On 23 June 2017, the Tax Commissioner issued a Notification ("the Notification") which specifies that the effective date of the Law is 3 July 2017 and provides also the main provisions, which are set out below.

The taxes regulated under the new Law are the following:

  1. Income tax
  2. Special Defence Contribution
  3. Immovable property tax
  4. Capital gains tax
  5. Inheritance tax
  6. Special contribution
  7. Stamp duty
  8. Value Added Tax

 

Related News

Any company which has been dissolved by the Registrar following strike off, either voluntarily or involuntarily, can be restored under the provisions of the Law and once restored shall be considered to ...
The Ministry of Justice of Ukraine has made an Order cancelling the registration entry made on the Unified State Register of Legal Entities, individuals-entrepreneurs and Civil Institutions of Ukraine ...
On 30 June 2022 the Cyprus parliament has passed new transfer pricing (TP) requirements. The new law and regulations are in line with the TP guidelines for Multinational Enterprises and Tax Administrations ...