The earnings cap for Social Insurance purposes for 2025 has increased to €66,612 per annum (2024: €62,868 per annum).
On 13 January 2025 the Tax Department announced that submissions of the Withholding Taxes and Contributions Return, otherwise known as the Employer’s Return, as well as payment of relevant taxes and contributions will be made through the Tax For All Portal.
The decree outlines the essential terms and conditions of employment which employers are obliged to disclose via the Ergani Information System.
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...
The Cyprus Tax Department announced on 30 October 2024 that the deadline for submission of the Income Tax Return for 2023 is further extended...
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”.
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...
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.
