The Tax Department announces that, based on a Decree of the Council of Ministers dated 21st June 2024, 2023 (ΚΔΠ 209/2024), the...

Companies that expect to have taxable income for the year 2024 must pay the first instalment of the temporary (provisional) tax by the...

Cyprus May 2024 – The Tax Department announced that the submission of the Individual Income Return for 2023 through the TaxisNet...

An electronic service launched by the Ministry of Finance to contribute to the partial replenishment of losses incurred in 2013 by...

Cyprus is considered a primary international business center amongst 50 countries, offering an ideal entrepreneurial environment and...

Cyprus Corporate tax rates – An easy to understand summary The Corporate income tax rate is 12.5%. Exemptions from corporation tax...

2023: Cyprus VAT (Value Added Tax) guide and information Value Added Tax (VAT) was introduced on 1 July 1992 and is imposed on the...

In Cyprus, a Special contribution for defence is imposed on certain types of income. Non-residents are exempt from this contribution....

When an individual is a resident of the Republic of Cyprus, tax is imposed on income accruing or arising from sources both within and...

Cyprus Double Tax treaties for the avoidance of Double Taxation with over 65 countries The following tables show the rates of withholding...

Our expert team of auditors, accountants, and consultants can assist and advise on your company re-organization. The transfer of assets...

Shipping Companies in Cyprus and abroad No tax is payable on the profits from the operation of a vessel registered in Cyprus or on the...

Information about Insurance Companies Life business losses can be offset against profits of the general business Losses of the life...

The pension income of any individual residing in the Republic, which arises from services rendered abroad, is taxed at: a rate of 5% for...