Submission of the «Employer’s» Tax Declaration (TD7) & PAYE via the TAX FOR ALL (TFA) System
The Cyprus Tax Department has announced that, within the first six months of 2025, the submission of the Employer’s Tax Declarations...
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Extension of Employer's Obligation to Register the Essential Terms of Employment in the «ERGANI» Information System
Based on the new Decree published by the Minister of Labour and Social Insurance on 28 February 2025, the deadline for the Employer's...
Guide to the «ERGANI» Information System & Procedure for Recording Basic Terms of Employment
Further to the New Decree according to which the Employer is obligated to register the Essential Terms of Employment of all their...
Important changes to the implementation framework of the UBO Register
On 06/12/2024 the Department of the Registrar of Companies and Intellectual Property published the Prevention and Suppression of Money...
Employer's Obligation to Register the Essential Terms of Employment of All Employees in the «ERGANI» Information System
We inform you that the Minister of Labour & Social Insurance has issued a new Decree published in the Official Gazette of the Republic on...
Law amendment regarding fines and penalties imposed for undeclared work
On the 15th of November 2024 the House of Representatives, in an effort to combat undeclared employment, passed and announced stricter...
2024 Temporary tax second instalment and Stock take reminder
2024 Temporary tax second instalment and Stock take reminder Temporary Tax 2024 Companies that expect to have taxable income for the year...
End of reduced VAT on electricity and selected products
It has been announced by the Ministry of Finance that from October 2024 the electricity subsidy and the 0% VAT which was previously...
Update of Beneficial Ownership information in the Beneficial Ownership Register
The Department of Registrar of Companies has announced that the Beneficial Ownership Register system will be open from 1st October 2024...
Extension for Submission of the 2023 TD1 to 31/10/2024
The Tax Department announces that, based on a Decree of the Council of Ministers dated 21st June 2024, 2023 (ΚΔΠ 209/2024), the...
Cyprus companies: 2024 Temporary tax first instalment
Companies that expect to have taxable income for the year 2024 must pay the first instalment of the temporary (provisional) tax by the...
Start of submission of Income Tax Return declaration for 2023
Cyprus May 2024 – The Tax Department announced that the submission of the Individual Income Return for 2023 through the TaxisNet...
Participation in the Replenishment Scheme of National Solidarity Fund
An electronic service launched by the Ministry of Finance to contribute to the partial replenishment of losses incurred in 2013 by...
Annual Return (HE32) – changes to the late submission charges
The late submission fees for the Annual Returns has been set at €150 (previous fines were set €500) following the decision of the House...
Submit a Declaration of Withholding Taxes & Contributions (TD 7) for the year 2024 through the TAX FOR ALL (TFA) system
Following the migration to the «TFA» system, the Employer’s return form (TD 7) from 2024 onwards will be submitted on the «TFA» platform...
Extension of submission to the Register of Beneficial Owners until March 31 2024
We would like to remind you that during the period from 1st of December to 31st of December of each calendar year, all legal entities...
T.D.59 Claim for Allowances 2024 Form
The 2024 T.D. 59 form is now available on MINISTRY OF FINANCE - DEPARTMENT OF INTERNAL REVENUE All employers must distribute the form to...
Reduction of Special Defence Contribution for Passive Interest Income to 17%
On 6 December 2023 the Cyprus parliament voted in favour of reducing the Special Defence Contribution (‘SDC’) rate from 30% to 17% for...
Reminder: January 2024 - Increase of Minimum Wage
The Minister of Labour and Social Insurance announced on 20 December 2023 the increase of the National Minimum Wage after a meeting of...
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