Back-to-Back Financing Arrangements
As from the 5th of January 2023, the provisions of the Interpretive Circulars No.3 and No.5 relating to “back-to-back” financing arrangements are retroactively terminated as of 31 December 2021...
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Key Tax Dates for December 2022
By the end of December, the following taxes must be paid
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Capital Gains Tax
Capital Gains Tax (CGT) The CGT rate applicable is 20% on profits made on the sale of immovable property or shares (other than shares listed in a recognized stock exchange) in a company holding...
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IFRS 16 LEASES
Introduction As from 01 January 2019, all business entities must account for their operating lease agreements under the new provisions of IFRS 16. Basically, every operating lease...
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Income Tax Law (No2) 2022
Amendment of the Income Tax Law, as follows: Α. To expand the existing tax relief period of the deduction from the taxable income of a physical person by 50% (fifty percent) of their first...
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