English Tax Booklet 2018

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Occupational Category Lower Weekly Upper Weekly Limit Limit € € 15. Draughtspersons, Computer equipment operators, Ships’ engineers, Agents and related occupations, Musicians, Magicians 383,64 1.046 16. Persons not falling, under any other occupational category 383,64 1.046 Deadline for payment of the contributions by the employers The contributions that the employer is obliged to pay in accordance with the Law, should be paid not later than the end of the calendar month following the month that the contributions relate. Deadline for payment of contributions of self employed Months that the contributions relate January - March April - June July - September October - December Date 10th of following May 10th of following August 10th of following November 10th of following February Additional fee for late payment of contributions Every employer or a self employed who fails to pay the contributions within the time limit determined in the relevant regulations, is obliged to pay an additional fee in the range of 3% and 27% depending on the period of delay, on the amount of contributions due for payment. 28
STAMP DUTY The following table gives the amount or rate of duty payable on certain documents: Receipts or sums over €4 €0,07 Cheques €0,05 Letters of Credit €2,00 Letters of Guarantee €4,00 Bills of Exchange (payable within three days €1,00 on demand or at sight) As from 1 March 2013: - the first €5.000 0 - €5.001 - €170.000 1,5‰ - more than €170.000 2‰* Contracts without fixed sum €35,00 Customs Declaration Documents €18,00 - €35,00 Bills of Lading €4,00 Charterparty €18,00 Powers of Attorney - general €6,00 - limited €2,00 Certified copies of contracts and documents €2,00 Company reorganisation documents Exempted * Capped at a maximum of €17.086 up to 28 February 2013 and up to €20.000 as from March 2013. 29
Page 1 and 2: CYPRUS TAX INFORMATION 2018
Page 3 and 4: PERSONAL INCOME TAX Basis of Taxati
Page 5 and 6: Type of Income Remuneration from sa
Page 7 and 8: SPECIAL CONTRIBUTION As from 1 Janu
Page 9 and 10: Corporate tax deductions for expens
Page 11 and 12: Losses carried forward The tax loss
Page 13 and 14: Special types of companies Shipping
Page 15 and 16: SPECIAL CONTRIBUTION FOR DEFENCE Sp
Page 17 and 18: Deemed dividend distribution A Cypr
Page 19 and 20: 19
Page 21 and 22: Exemptions • Rents • Medical se
Page 23 and 24: IMMOVABLE PROPERTY TAX Immovable Pr
Page 25 and 26: TRANSFER FEES BY THE DEPARTMENT OF
Page 27: Occupational Category Lower Weekly
Page 31 and 32: Payments from Cyprus Payments of di
Page 33 and 34: (19) 5% if the dividend is received
Page 35 and 36: TAX DIARY DEADLINE End of each mont
Page 37 and 38: 37

English Tax Booklet 2018

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