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ARTICLE · 21 OCTOBER 2019

Tax Webcast September 2019 (Video)

Welcome to our 5 minute tax update broadcasted monthly. The aim of our tax webcasts is to provide a brief summary of local and international tax events impacting Cyprus.

CyprusTax

Welcome to our 5 minute tax update broadcasted monthly. The aim of our tax webcasts is to provide a brief summary of local and international tax events impacting Cyprus.

In this Tax Webcast, we cover the following topics:

1. Local tax developments

1. 1 Clarification of the Tax Department on the imposition of 3% SDC on interest from corporate bonds

1. 2 MoF's intention to submit a bill to increase allowable tax deduction for individuals for contributions to certain Funds

1. 3 MoF's proposal to oblige service providers & merchants to accept card payments

1. 4 MoF's proposal for the compulsory submission of income tax returns by all citizens

 

2. International developments

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