On October 25, 2024, the Tax Department announced that the Council of Ministers has approved an extension for submitting the Company Income Tax Return for companies required to submit...

On October 30th, the Tax Department announced that the Council of Ministers has approved an extension for submitting the 2023 Individual Income Tax Declaration (IR1). The new deadline has been extended.

In Cyprus, it is at private companies' discretion to bolster up employment relationship by introducing extra salaries. The truth is there is no legislation obliging employers in the private sector to pay benefits.

"The hardest thing in the world to understand is income tax.'' This was said by Nobel prize winner and arguably one of the greatest physicists of all time...

After almost 20 years of discussions, changes and ameliorations, Ukraine has opened its land market. Supported by the president, the official launch of the land market is expected to bring more transparency and simplicity.

Discover why savvy investors are turning to Cyprus for intellectual property investments amidst the UK's upcoming Non-Dom rule changes with Eurofast tax experts.

Eurofast would like to inform you that from April 1st, 2021, the Registrar of companies shall impose penalties for every company that fails to timely file its annual return.

As a leading provider of advisory and corporate services across diverse jurisdictions within the European Union, Eurofast Group remains committed to navigating the evolving landscape...

Eurofast would like to inform you that a further extension of the deadline has been announced regarding the mandatory automatic exchange of information...

Eurofast recently launched its new website eurofast.eu. The new website offers improved navigation and functionality, creating a user-friendly environment for visitors.

The Cyprus Tax Department has announced an extension for the submission of Withholding Tax & Contribution Declarations (TF 7).

The launch of the TFA platform will commence (stage 1) on the 27 March 2023. As of then all tax obligations relating to VAT will be processed through the TFA platform exclusively.

We would like to inform you that the extended suspension of operation of the information system "Central Register of Ultimate Beneficiary Owners ("UBOs") per article 20 of law 4557/2018 ended on October 1st, 2020.

The most important specifications of the law that came into force on October 3rd, amending and completing the Labour Code, are the following:

Eurofast would like to inform you that an additional extension of the deadline until September 30th, 2021 has been given on June 4th, as regards mandatory automatic exchange of information...

On June 22, 2023, the Plenum of the Parliament introduced an important amendment to the Income Tax Law, extending the existing provisions of the income tax exemption for individuals employed in the Republic.

On June 9, 2023, the Cyprus Tax Authorities announced that an obligation to prepare and submit a Tax Return for 2023 is applicable only to individuals whose annual gross income exceeds € 19,500.

With an announcement from the Tax Department, the zero rate for products and services related to the COVID-19, ceases to apply.

In October 2020, the Georgian government launched a program available for companies offering IT and maritime services wishing to acquire the status of an international company within the country.

Despite the cold cyclones and rainy weather, May introduced many Law and Tax updates in Ukraine.