On 18 November 2015, the Tax Department issued Circular no. 195, replacing Circular no. 149, which was issued on 18 April 2011 on the same subject.
In the new Circular the content and structure of the previous Circular is repeated with some modifications.
© 2017 KPMG Limited, a Cyprus limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.