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 moreApril 2024
September 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 moreSeptember 2021
15
Sep
Tax treatment of of the revised International Financial Reporting Standards 9 “Financial Instruments”, 15 “Revenue from Contracts with Customers” and 16 “Leases”
IFRS 9 – Financial Instruments
Tax treatment of provisions/impairment of receivables for tax purposes
bad debts proved to the satisfaction…
read moreApril 2021
07
Apr
Extension of tax incentives for reduced rent in Cyprus
The tax incentives, provided to landlords for voluntarily reducing the rent charged to tenants – businesses, whose operations have…
read moreJanuary 2020
19
Jan
Deemed Dividend Distribution as at 31 December 2019
The Deemed Dividend Distribution provisions apply to the profits of Cypriot tax resident companies that are attributable directly to…
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19
Jan
Reduction of SDC rate applicable on interest income received by Cyprus tax resident domiciled individuals from corporate bonds
On 26 June 2019 an amendment to the Special Defence Contribution (SDC) Law was published in the Official Government…
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