by ackomo | Dec 23, 2020 | All Posts
Please see below several changes in respect to the Social Insurance contributions and the National Health Insurance System (NHIS) which are effective in 2020. Social Insurance Rates 2020 The maximum amount of insurable earnings has increased from previous year...
by ackomo | Dec 23, 2020 | All Posts
Tax Updates Amendments to the Notional Interest Deduction (NID) provisions of the Income Tax Law On 16 June 2020, an amending Income Tax Law was published in the Official Gazette in respect to the Notional Interest Deduction (NID). The revised NID provisions enhance...
by ackomo | Dec 23, 2020 | All Posts
In accordance with a Decree issued on 5 June 2020, the following deadlines are extended to 30 October 2020. Electronic submission of the 2019 personal income tax return by employees and pensioners (TD1- Employee) whose gross income exceeds €19.500, and for the...
by ackomo | Dec 23, 2020 | All Posts
VAT UPDATES The Council of Ministers have issued a new decree (Κ.Δ.Π. 268/2020) dated 23.06.2020, regarding the application of the reduced VAT rate of 5% on hotel accommodation, restaurant and catering and transportation services within the Republic. The...
by ackomo | Dec 23, 2020 | All Posts
On 20 August 2020, an amending law was published in the Official Gazette in respect to the Assessment and Collection of Taxes Law, which was followed by a clarifying Circular (Circular 46), published by the Department of Taxation on 28 August 2020. The main provisions...
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