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Posts Tagged ‘Income Tax Exemptions’

Exemption from Submission of Personal Income Tax Return for 2024

Through a decree by the Council of Ministers of the Republic published in the Official Gazette of the Republic of Cyprus on 15 November 2024...

Cyprus Non-Dom Regime

The introduction in 2015 of the concept of domicile in the tax system and the resulting special regime for persons not domiciled in Cyprus, commonly known as “Non-Dom” regime, is perceived as one of the most important provisions introduced in...

Deadline for Submission of Personal Income Tax Return for 2023 Further Extended

The Cyprus Tax Department announced on 30 October 2024 that the deadline for submission of the Income Tax Return for 2023 is further extended...

Cyprus - Tax Treatment of Non-Refundable Capital Contributions

Through Interpretative Circular 25, released on 3 September 2018, the Cyprus Tax Department clarifies the tax treatment of non-refundable capital contributions... 

Tax Circular on 50% Exemption of Remuneration from Income Tax

On 8 July 2024 the Cyprus Tax Department issued Circular 04/2024 entitled “50% exemption from Income Tax on remuneration from employment exercised in the Republic”.

Cyprus Parliament Approves EU Blue Card Legislation

On 11 July 2024, the Cyprus Parliament approved the draft legislation for the implementation of the EU Blue Card Scheme. The EU Blue Card offers a significant opportunity for...

Reference Interest Rates for Montenegro and Cameroon for Notional Interest Deduction on Equity

The Cyprus Tax Department published on 5 July 2024 the bond yield rates as at 31 December 2022 and 2023 for Montenegro and Cameroon, to be considered for...

Employer’s Returns from 2019 and Onwards

On 4 July 2024 the Cyprus Tax Department announced that submissions of the Withholding Taxes and Contributions Return  for the year 2019 and onwards can be made until 31 October 2024.

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