Second and final installment of your computed provisional tax is due for settlement with the Tax Department by 31st December 2019.
Estimated taxable income can be revised (upwards/downwards) by submitting a revised Temporary Tax Return any time prior to 31st of December of the tax year.
You can contact our Tax department for more information
The new Protocol to the Double Tax Treaty between Cyprus and Ukraine was agreed back in 2015 and was ratified by the Cyprus Government on 11 December 2015.
On 30 October 2019, the Ukrainian Parliament approved the ratification of the protocol.
Thus, the Protocol is now in force and will be in effect on 1 January 2020.
In October 2019, Cyprus and Egypt signed a new Double Tax Treaty (DTT) in order to replace the existing treaty.
The new DTT will enter into force once the Contracting States complete their formal ratification procedures. The provisions of the treaty with respect to taxes will have become effective as from 1 January of the year following the year in which the treaty enters into force.