Intellectual Property Rights
The gross income arising from intellectual property rights, other exploitation rights, compensations, or other similar income arising...
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Firm Royalties
Firm Royalties, incentives, and opportunities The gross income derived by a non-resident person in respect of royalties arising from film...
Capital Gains Tax
Full capital gains tax exemption on capital gains, except on sale of immovable property situated in Cyprus Capital Gains Tax is imposed...
Cyprus Property Tax
In Cyprus, Immovable Property Tax is payable on 30 September each year It is imposed on the market value of the property as of 1 January...
Special Levy Tax
As from 2011 an annual levy of €350 payable to the Registrar of companies is introduced for all companies incorporated in Cyprus For...
Cyprus Companies
The law in Cyprus governing companies is the Companies Law, Chapter 113 of the Statute Laws of Cyprus, which is based on the Companies...
Government & Administration in Cyprus
Cyprus became an independent Republic in 1960 The Cyprus government structure is modeled on western democracies in which the individual’s...
Human Resources in Cyprus
Cyprus ranks among the leading four countries in the world as to the proportion of university graduates to the population A great number...
Economic Conditions
Cyprus’ economy is based on a free enterprise system. The Government’s role has been limited to the regulation, indicative planning, and...
Types of Cyprus Entities
Types of Cyprus Entities The principal forms and Types of Cyprus Entities and businesses are: Cyprus limited companies Branches of...
Cyprus in Brief
Cyprus, an island made for Business The island’s excellent infrastructure, English-based legal system, high quality of life, and low cost...
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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