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...
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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...
2023 Temporary tax second instalment and Stock take reminder
Companies that expect to have taxable income for the year 2023 must pay the second instalment of the temporary tax by the 31st of...
Increase in Social Insurance & Notification of the 2024 Maximum Remuneration Limit
The Department of Labour Relations, Social Policy & Human Resources Development of CCCI informs you that as of 1/1/2024, both employers...
2022 Temporary tax second instalment and Stock take reminder
Temporary Tax 2022 Companies that expect to have taxable income for the year 2022 must pay the second instalment of the temporary tax by...
Announcement DRCIP – Commencement of the implementation of the final solution of the electronic system of the Beneficial Ownership Register
Announcement DRCIP-commencement of the implementation of the final solution of the electronic system of the Beneficial Ownership Register...
Announcement Tax Department – Levy on sales of immovable property
Announcement Tax Department / Levy on sales of immovable property The Tax Department has announced that they have issued tax assessments...
Increase in Social Insurance
Increase in Social Insurance The Department of Labour Relations, Social Policy & Human Resources Development of CCCI informs you that as...
Extension to the filing date of Income Tax Return IR1 2022
Extension to the filing date of Income Tax Return IR1 2022 The Cyprus Tax Department has announced that the submission of the 2022...
Deadline for Registration of Beneficial Ownership Data and imposition of fines – 2023
Cyprus – The Department of the Registrar of Companies and Intellectual Property invites all companies, European public limited liability...
Inspections for undeclared work and compliance with legislation
The Inspection Service of the Ministry of Labour and Social Insurance announced targeted inspections, on a nationwide basis, in leisure...
New minimum wages in the hotel industry – 2023
Cyprus – The Ministry of Labour and Social Insurance announced on August 24, 2023, the revised salary thresholds in a number of...
2023 Summer Holidays – office dates
Kindly note that our office will be closed from the 14th to the 18th of August 2023 (both days included) due to the summer holidays.
Defence contribution tax withheld on rents in 2 semi-annual payments
The law was amended so that the obligation to pay the Defence contribution tax withheld on rents can be settled in two semi-annual...
Cyprus changes income tax law to charm high-salary earners
Cyprus, July 2023 – The Tax Department recently amended the law for income tax exemptions (a 50% exemption) for non-residents of Cyprus....
Cyprus – Reduction of fine for failure to deliver annual reports
The Cyprus Parliament passed a law (23 June 2022) which reduces from 500 to 150 euros the maximum limit of the total financial burden...
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