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…
read moreApril 2024
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 moreDecember 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…
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