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April 2012

Submission of employer's return (Form I.R.7A)

It was announced by the Inland Revenue Department (IRD) that, from tax year 2011, every employer has to submit the IR7A form electronically via the taxisnet system ONLY.

Cyprus yacht leasing scheme

·  Interpretation of the Cyprus Yacht Leasing Scheme ·  Vat treatment of the yacht leasing agreement ·  Calculation of the use of yacht within the EU territorial waters ·  Conditions for applying VAT