NEWS

• Posted April 30, 2016

Tax rulings

In accordance with the article 44 of the Income Tax Law and the relevant announcement from the Tax Department, as from 16 May 2016, a fee of €1.000 will be imposed for the issuance of a tax ruling without expedition and additional €1.000 with expedition. A tax ruling submitted with an expedition request will be replied within 21 working days.

The payment of the fee can be made through the JCC smart website (https://www.jccsmart.com/) and a copy of the relevant receipt should be attached with the submission of the tax ruling.

It should be noted that for the time being no fee is imposed for the submission of VAT rulings.

Should you need any clarifications for the above, feel free to contact us at info@oxilium.com.cy