Tax Treatment Of Premiums And Medical Plans

Ki
KPMG in Cyprus

Contributor

KPMG has been operating in Cyprus since 1948 and currently employs more than 800 professionals working from 6 offices across the island. It is a member of KPMG International Limited, a global organisation of independent professional services firms providing Audit, Tax and Advisory services. KPMG operates in 143 countries and territories and has approximately 273,000 people working in member firms around the world. Clients look to KPMG for a consistent standard of service based on high-order professional capabilities, industry insight, local knowledge and expertise.
The Tax Department has issued on 30th May 2024, Circular 3/2024 relating to the tax treatment of premiums and medical plans.
Cyprus Food, Drugs, Healthcare, Life Sciences
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Circular 3/2024 – Tax treatment of premiums and medical plans

Tax alert - June 2024

The Tax Department has issued on 30th May 2024, Circular 3/2024 relating to the tax treatment of premiums and medical plans. The Circular provides clarifications relating to the tax treatment of premiums paid to medical plans by individuals for their own medical coverage and by employers for the medical coverage of their employees.

The Circular is available here

Εγκύκλιος 3/2024 – Φορολογικός χειρισμός ασφαλίστρων και Σχέδια ιατροφαρμακευτικής περίθαλψης

Φορολογική Ενημέρωση - Ιούνιος 2024


Το Τμήμα Φορολογίας έκδωσε στις 30 Μαΐου 2024, την Εγκύκλιο 3/2024 αναφορικά με τον φορολογικό χειρισμό ασφαλίστρων και σχέδια ιατροφαρμακευτικής περίθαλψης. Η Εγκύκλιος παρέχει διευκρινήσεις αναφορικά με τον φορολογικό χειρισμό της καταβολής ασφαλίστρων σε Σχέδια ιατροφαρμακευτικής περίθαλψης από άτομα για ιδία κάλυψη και από εργοδότες για κάλυψη των υπαλλήλων τους.

Η Εγκύκλιος παρουσιάζεται εδώ

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