Date: 27 July 2021

Tax treatment of government grant due to COVID-19 and benefits granted by the Ministry of Labour, Welfare and Social Insurance.

The Tax Department has issued on 20 July 2021 the Interpretative Circulars 48 and 49 relating to the above subject.

The relevant Circulars can be found below

Φορολογικός χειρισμός κρατικής χορηγίας λόγω COVID-19 και επιδομάτων που παραχωρούνται από το Υπουργείο Εργασίας, Προνοίας και Κοινωνικών Ασφαλίσεων.

Το Τμήμα Φορολογίας έχει εκδώσει στις 20 Ιουλίου 2021 τις Ερμηνευτικές Εγκυκλίους 48 και 49 αναφορικά με το πιο πάνω θέμα.

Πιο κάτω μπορείτε να βρείτε τις σχετικές εγκύκλιους

How can KPMG assist?

Should you like to further discuss the content and potential impact of the Interpretative Circulars to your business, please contact one of our trusted advisors from the Tax Department at KPMG in Cyprus.

George Markides
Board Member
Head of Tax Services
KPMG Limited

 

Katia Papanicolaou
Board Member     
KPMG Limited
Direct Tax Services            

Costas Markides
Board Member
KPMG Limited
International Tax Services

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Michael Halios
Board Member
International Tax Services
KPMG Limited

Stelios Stylianou
Board Member
Direct Tax Services
KPMG Limited

Michalis Loizides
Board Member
Tax & Legal Services
KPMG Limited

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