Since the 1st of July 2019 the service of certified translation of documents which was previously provided by the Translation Department of the Press and Information Office is transferred to the Sworn Translators. The function of Sworn Translator is introduced in Cyprus by the Registration and Regulation of the Services of the Sworn Translator Law, 45(Ι)/2019 (hereinafter referred to as the “Law”).
We inform our clients that according to the Cyprus Income Tax Law the dates of submission and payment of the provisional tax for the year 2019 are as follows:
Submission of return and payment of 1st installment
Payment of 2nd installment – last day of revision of provisional tax (if needed)
Base Erosion Profit Shifting (BEPS) was first introduced in the OECD’s report published on 12 February, 2013 and refers to tax planning strategies that exploit gaps and mismatches in tax rules in order to artificially shift profits to low or no-tax locations where there is little or no economic activity.