Small Size Group of Companies

n accordance with the provisions of the Companies Law, Cap. 113, small size group of Companies exempt from preparation of consolidated Financial Statements if the following criteria are satisfied: 1. The companies subject to consolidation are not public. 2. The preparation of consolidated Financial Statements is not required by other …

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Changes on Tax Laws

Certain changes on tax laws were voted by the House of Representatives on 11 July 2013 in order to provide financial assistance to the taxpayers due to the latest economic developments in Cyprus. These changes are as follows: 1. Immovable Property tax: The immovable property tax for the fiscal year …

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Renewal Fees for the year 2012 and 2013

A recent change was voted by the House of Representatives on 1st of February 2013 which provide the following: (a) Companies incorporated in 2012 or being dormant in 2012 or do not possess any assets (previously exempt from payment of Renewal fees) should pay their annual fees for 2012 by …

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