06
Mar
Pay As You Earn (PAYE) and TD7 updates
Requirement to submit and important clarifications
The requirement to submit an Annual and Monthly Employer’s Declarations for Withheld Taxes and…
read moreMarch 2026
06
Mar
CYPRUS TAX REFORM 2026
Below is a summary of the key tax changes, most of which are effective from 1 January 2026, unless…
read moreApril 2024
25
Apr
Summary of Information Table (SIT)
The SIT is a form which must be submitted to the Tax Department on an annual basis and reflects…
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25
Apr
Transfer Pricing Requirements and Guideline
Effective from the tax year 2022 onwards, the simplification rules of 2.2857% on back to back loans etc. will…
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25
Apr
Abolishment of the annual fee / company levy (€350)
On 21 February 2024, the President of the Republic of Cyprus announced the decision of the Council of Ministers…
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25
Apr
Provisional tax instalments for the tax year 2024
The income tax for individuals and companies for the tax year 2024 must be estimated and prepaid in two…
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25
Apr
Transfer Pricing FAQs
Effective from the tax year 2022 onwards, Cyprus taxpayers are obliged to prepare Transfer Pricing Studies for transactions exceeding…
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25
Apr
Prevention of tax abuse
The relevant laws have been amended in order to introduce withholding taxes (WHT) on payments to companies in jurisdictions…
read moreSeptember 2022
14
Sep
Special Defence Contribution (SDC) reduced rate of 3%
Effective from 8 June 2022, the reduced rate of 3% will apply to both Cyprus tax resident domiciled individuals…
read moreMay 2022
04
May
Cyprus Digital Nomad Visa
The Cyprus government recently announced a specific visa programme, with several incentives for people who would like to take…
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