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Submission of Personal Income Tax Return for 2023
23/05/2024

The Cyprus Tax Department announced on 20 May 2024 that the Income Tax Return for 2023 is available for submission through...

EU List of Non-Cooperative Jurisdictions for Tax Purposes – Removals
05/03/2024

The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 20 February 2024, removing the Bahamas, Belize, Seychelles and Turks & Caicos Islands.

New Deadlines for Payment of SCD and GHS on Rental Charges in Effect
22/02/2024

The Cyprus Tax Department issued an announcement on 21 February 2024 in order to notify the change in the payment terms of Special Contribution for Defense withheld at source on rental payments.

Important Updates in Relation to DAC7
22/01/2024

Following the implementation of EU Council Directive 2021/514 (DAC7), which amended Directive 2011/16 on administrative cooperation in the field of taxation (DAC), in to local legislation...

Public Interest Rate for 2024
04/01/2024

With a decree published in the Official Gazette of the Republic of Cyprus on 29 December 2023, the Minister of Finance has increased the public interest rate...

Deemed Dividend Distribution as at 31 December 2023
05/12/2023

Companies with accounting profits for tax year 2021 which fall within the Deemed Distribution (DD) provisions, would have to declare a sufficient amount of dividend, in order to meet the 70% threshold of distributed profits on or before 31 December 2023.

EU Revises List of Non-Cooperative Jurisdictions for Tax Purposes
19/10/2023

The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 17 October 2023, adding Seychelles, Belize and Antigua and Barbuda.

Further Extension of Deadline for Submission of Personal Income Tax Return for 2022
26/09/2023

The Cyprus Tax Department announced on 25 September 2023, that the deadline for submission of the Income Tax Return for employees, pensioners and...

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