Tax Amnesty extended A form of tax amnesty introduced in November 2011 was extended for the second time last week, up until the 31st of December 2013. The first period ended on 31st of March 2012 and was initially extended until 31st of October 2012. The amnesty which was introduced as an incentive to prompt settlement of outstanding tax debts up to and including fiscal year 2008, waives late payment interest and related penalties but imposes a 5% surcharge on the amount of tax due. This time around however, the benefit decreases with each additional month of delayed settlement, as there is an additional 1% surcharge for each month of delay. In order to benefit from the scheme up to 31st March 2012, the whole amount due must be settled at once, while from 1st of April 2013 part payments against the tax due will also be possible. Our firm can assist with the preparation and submission of the necessary documents and liaising with the tax authorities for administration of payments.
Interest payment on VAT refunds The Cyprus VAT Legislation which did not provide for payment of interest on any VAT refunds, was amended in accordance with Council Directive 2008/9/EC. The amendment provides for payment of interest as from the expiry of a four month period following the submission of a refund claim. The four month period is extended to eight months in the case a VAT investigation is carried out in relation to the refund claim. The current rate of interest is set at 5% per year. This amendment will be in effect as from 19 February 2012 and applies for VAT periods commencing from 1 March 2013. Our firm can assist with the preparation and submission of a VAT refund claim and assist clients in VAT investigations.
Tax Amnesty extended A form of tax amnesty introduced in ... - WTS
WTS World Tax Service Cyprus Ltd is an independent member firm of WTS Alliance, a global tax network providing tax, legal and business consulting services. All legal services are provided through registered law firms in Cyprus.
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Avocats Sans Frontières remains committed to the fight against impunity and redress for ... to have been committed by Thomas Kwoyelo prior to this date.
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May 9, 2016 - Authorities should familiarize with VAT reform regulations quickly; ... Authorities should collect tax payments based on laws and regulations.
Jun 10, 2015 - tax and business decisions of a domestic company have ..... definition of compliance in their business .... Degree of internationalisation (2013)1.
Consulting services in the field of Value Added. Tax have to add ... analytics. â Centralized or local indirect tax return preparation. â Ensure consistent indirect.
May 9, 2016 - Policy for human resource outsourcing service;. â¢. Policy for ... Authorities should provide sufficient services and training to taxpayers;.
Tax have to add value and assurance to the business and ... analytics. â Centralized or local indirect tax return preparation. â Ensure consistent indirect.
Dec 1, 2015 - network with its trading and investment partners. Author wts consulting (Hong Kong) Ltd · Tax & Business Consulting. Unit 1911 ⢠19/F The ...
Dec 1, 2015 - Interest: 0% rate applies as long as Hong Kong levies no withholding tax on interest. If Hong Kong levies withholding tax on interest, 3% rate applies. Also, 0% rate applies if the beneficial owner is the Hong Kong Government,. Monetary
Dec 1, 2015 - Double Tax Agreement with South Africa in force . ... This DTA will come into force after the completion of ratification procedures on both sides.
Jun 27, 2017 - line data reporting from invoicing software will only be rolled ... company registration are obliged to notify the tax authority, within 15 days of ...
after considering the entire history of illness, careful examination and appropriate investigations, am of the opinion that the patient is suffering from______________________________disease/ailment during the previous year ending on 31st March, ...
Nov 19, 2013 - compliance. The Ministry of Finance in consultation with the Ministry of Trade and Industry and other stakeholders will determine modalities.
Jun 2, 2014 - the Profits Tax Returns were filed by the company with knowledge of fraud. ... 2014, will now not only apply to manufacturing, importation, sale ...
Jan 4, 2016 - entities (for the 2013-14 income year) which met the total income ... On 2 November 2015, Ministry of Finance (MOF), State .... Depreciation of fixed assets serving employees and vocational training including but not limited to:.
Feb 26, 2014 - Philippines: Automatic Application of Tax Treaty Rates. ... Effective from YA 2014, where a company provides any loans or advances from its.
Sep 3, 2014 - includes a building site or construction, installation or assembly project ... cannot constitute a PE as they are to be in connection with a building,.
Feb 26, 2014 - Philippines: Automatic Application of Tax Treaty Rates. ... Effective from YA 2014, where a company provides any loans or advances from its.
Sep 3, 2014 - expands the scope of taxable international transportation services ... regarded as âinternational transportation businessâ while others are not: a.
Jun 2, 2014 - technology services. â« Modern logistics ... as business profits by virtue of Article 12 (5) of Indo-German Double. Taxation Avoidance ... care, education, banking, house rental and transportation of goods. No tax is imposed if.
