Clarifications regarding sanctions against Russia
In a statement, the Cyprus Ministry of Finance proceeded recently with clarifications on the 5th package of EU restrictive measures...
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Cyprus: Deadline extension for Submission of 2020 direct tax declarations
The Cyprus House of Representatives approved recently (24/3/2022) an extension on the deadline for the submission of the 2020 corporate...
Updated 3/2022: Moving, living & establishing a company in Cyprus | Ukraine
Updated 3/2022: After the recent unfortunate developments in Ukraine, there is massive interest from Ukraine citizens and companies to...
Types of Cyprus entities – Obligations, Taxation, Liabilities
Incorporating a business in Cyprus offers various advantages to their owners and shareholders. But aside from the low taxation, excellent...
Cyprus Invites Digital Nomads
The “Cyprus Digital Nomad Visa” program allows citizens from non-EU and non-EEA countries, who can perform their work remotely, to...
Exemption from obligation to submit Income Tax Return for Individuals
Cyprus – The Council of Ministers issued a Decree (February 2022) regarding income tax returns for 2021. The decree states that all...
Campaign for labor laws compliance and undeclared employment
The Inspection Service of the Ministry of Labor, Welfare and Social Insurance, will carry out, in February 2022, targeted inspections on...
Update: Payment of VAT in 3 equal installments
Cyprus – The Tax Department informs (10/2/2022) that it is possible for Taxable Persons to pay the VAT for the period ending on...
Cyprus – Transfer Pricing Frequently Asked Questions (FAQ)
A list of FAQs about Transfer Pricing as published by the Cyprus Tax Department, aiming to clarify certain issues enquired by local Tax...
New measures to support hotel employees and other professionals
Cyprus – A proposal was approved by the Council of Ministers for additional measures to support workers and professionals that continue...
14% VAT refund on Land transferred from Parents
The Cyprus Tax Department informs that, by decision of the Council of Ministers (12/01/2022), there is now the possibility of requesting...
2022: New support measures for businesses in Cyprus
New support measures were announced on Wednesday 26/1/2022 by the Minister of Finance, with a budget of around three million euros. The...
Updates in double tax treaties – January 2022
With an extensive network of Double Tax Treaties for the Avoidance of Double Taxation with over 60 countries, Cyprus can offer a wide...
Updated: Cyprus 2022 General Healthcare System and Social Insurance contributions
General Healthcare System and Social Insurance contributions in Cyprus for the year 2022 will remain the same as in 2021. (Article...
Cyprus bank and public holidays for 2022
The dates listed below are Bank and Public Holidays in Cyprus. On these dates, all public services, private companies, banks, and shops...
New 3-month extension for annual levy payment
Cyprus – The Ministry of Energy, Commerce, and Industry, through the Department of Companies Registrar, announced a new three-month...
Temporary Suspension for Cyprus Tourist industry companies
The Minister of Labor, Welfare, and Social Insurance announced the Plan for Temporary Suspensions of businesses in the Tourism Industry...
Income Tax, Special Def. Contribution, Tax Reliefs law Amendments
In November and December 2021, the Cyprus House of Representatives passed the following amendments that will affect companies located or...
2021 Temporary tax second instalment | Stock take
Temporary Tax 2021 Companies that expect to have taxable income for 2021 must pay the second instalment of the temporary tax by 31st of...
Reminder for the 2021 Annual Levy payment deadline
We would like to remind you that the final date for payment of the 2021 annual levy tax, which is €350 per company, must be paid by the...
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