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 moreSeptember 2022
December 2021
07
Dec
Attracting companies to operate or expand their activities in Cyprus
The Cyprus government has presented its plan for attracting companies to operate or expand their activities in Cyprus.
The main…
September 2021
15
Sep
Extension of the income tax exemption of 20% or €8,550 for employment in Cyprus
On 15 December 2020 the House Of Parliament voted for the extension of the specific law which aims to…
read moreApril 2021
07
Apr
Imposition of a 0,4% contribution on sale of immovable property in Cyprus
From 22 February 2021, a contribution of 0,4% is imposed on the sale of immovable property in the Cyprus.
The…
September 2020
11
Sep
Amendments to tax treatment of intangible assets
On 17 July 2020, the Income Tax Law was amended with respect to the treatment of intangible assets. The…
read moreJanuary 2020
19
Jan
Adoption of rules against tax avoidance practices
On 5 April 2019, the House of Representatives voted into law the provisions of the European Council Directive for…
read moreMay 2019
28
May
Tax incentives for the film industry
On 11 December 2018, an amendment to the Income Tax Law was published which provides certain tax incentives for…
read moreDecember 2018
11
Dec
Tax treatment of benefits in kind
The Cyprus Tax Department published, during October 2018, an informative guide which explains the tax treatment of certain benefits…
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11
Dec
Tax treatment of non-refundable capital contributions to companies who are not Cyprus tax residents
On 3 September 2018, the Cyprus Tax Department issued the circular EE-25 in order to provide guidance regarding the…
read moreJanuary 2018
03
Jan
Amendment to the Law regulating the settlement of overdue taxes
The House of Representatives has voted an amendment to the Law regulating the settlement of overdue taxes, effective from 13…
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