Insider Economy Special government plan for subsidies to businesses and self-employed

Special government plan for subsidies to businesses and self-employed

The Finance Ministry announced a special plan for subsidies to private tuition schools, Dance Schools, and Music Schools. The Ministry noted that together with the application a report by an auditor is needed, certifying that the business’s turnover has been reduced. Irrespective of whether these businesses are registered at the VAT, they can complete and submit the application online at:

https://www.mof.gov.cy/mof/tax/taxdep.nsf/All/E74DEB22966128F1C22586680037D456?OpenDocument

Last date for the submission of the application is the 21 February, 2021.

The necessary documents, which must accompany the application, must be sent by email to [email protected]

In order for the subsidy to be paid a copy of the applicant’s bank account with his/her information is also requested.

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