Important Information for the abolition of the Annual Levy of EUR350
On 29 February 2024, the House of Representatives approved the Cyprus Government Bill to abolish the Annual Levy of EUR350, which was payable to the …
On 27 March 2020 the Cypriot Parliament has voted to enact into law a package of ten Bills to regulate the impact and minimize the effect of the pandemic outbreak, including the additional budget for the support of the economic impact of the virus to the business and labor fields. Below listed are the main measures adopted.
Amendment to Quarantine Law
Article 7 of the Law amended: Penalty upon conviction available to the Authorities for violation of the law or any regulation/decree made according to the law up to EUR3000 and/or 6 months imprisonment.
New law for out-of-court fines
The law introduced a provision for the imposition of out-of-court fines of EUR150 in cases of non-compliance and discipline with the provisions of Quarantine Law.
Amendment to VAT Law
VAT payment deferral to 10 November 2020 and suspension of 10% tax penalty, interest and criminal sanctions in case of timely arrangement.
(Please see our previous newspiece for more information on application)
Amendment to the General Healthcare System Law
Suspension of the payment of the increased contribution rates applicable for Phase B of the General Healthcare System until July 2020.
Amendment to the Overdue Social Contribution Law
Agreements in place for the regulation the payment of overdue social contributions of entities or persons in installments, can be extended by two months, deferring payments due for March and April 2020.
Effect of Rent Control Law
Abolition of the effect of the Rent Control Law so that all eviction procedures be suspended until the end of May 2020.
On 29 February 2024, the House of Representatives approved the Cyprus Government Bill to abolish the Annual Levy of EUR350, which was payable to the …
In a move aimed at bolstering the business environment and fostering economic expansion, the President of the Republic of Cyprus announced on the 21st of …
Athos Demetriou Associates LLC adds yet another practice area in the coveted Legal 500 EMEA top tier practice areas
Following the decision of the Council of Ministers to transpose the 4th Anti-Money Laundering Directive (EU) 2015/849 to the national legislation, the Registrar of Companies, …