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Tag: Cyprus Tax Department

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VAT

Cyprus Tax Department to Clamp Down on Rental Properties Purchased as First-Time Residences

11 June 202418 July 2024Michalis C. Zambartas5% rate, Airbnb law, Booking.com, Clamp Down, Cyprus Tax Department, VAT

The Tax Department is set to fine homeowners who benefited from reduced VAT rates at the time of the purchase of their property while renting out their property through Airbnb
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Compliance, Government of Cyprus, International Tax

Cyprus – DAC6 Extension to the Imposition of Administrative Fines to Overdue Reportable Information

23 November 202123 November 2021Michalis C. Zambartasadministrative fines, Compliance, cross-border, Cyprus, Cyprus Tax Department, DAC6, international tax

On 22nd November 2021, The Tax Department of the Ministry of Finance of the Republic of Cyprus announced that there will be no imposition of fines to DAC6 overdue reportable
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Recent Posts

  • Antigua and Barbuda Removed from the EU List of Non-Cooperative Jurisdictions for Tax Purposes
  • Deletion of Fines for Failure to Comply with Cyprus Beneficial Owner Registry
  • Confirmation of Beneficial Owner Details in the Beneficial Owner Register
  • Transposition of the EU Mobility Directive into Cyprus Companies Law (Cap. 113)
  • Cyprus Banks Reacting to ECB Interest Rate Cuts

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