Amendments To Cyprus Tax Legislation

Press Releases Online - Monday, October 24th, 2011 -
  • Any objection submitted against a tax assessment referenced above should provide for ones reasons that the appraisal is incorrect, the reasons he considers that no obligation to pay for the said tax arises and put up supporting documentation. Such objection ought to be effected within one week from such assessment.
  • The Commissioner has the suitable to request information via any civil servant to provide details in connection with any person for duty purposes.
  • Companies that have an obligation to maintain books and records for each tax year are obliged to update them within four months on the date of the deals. Further, companies are was required to issue invoices within 30 days from date of the exchange unless a written approval has become obtained by the Commissioner.

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