NEWSROOM

Deadline for Submission of Personal Income Tax Return for 2023 Extended
26/06/2024

The Cyprus Tax Department announced on 21 June 2024 that the deadline for submission of the Income Tax Return for 2023 is extended from 31 July 2024 to 31 October 2024.

Tax Treatment of Medical Scheme Contributions
12/06/2024

Through a circular issued on 30 May 2024, the Cyprus Tax Department announced amendments in the tax allowable thresholds for contributions to medical schemes. It relates to contributions... 

Deadline for Submission of Employer’s Return Extended
06/06/2024

The deadline for submission of the Withholding Taxes and Contributions Return for the year 2023 has been extended from 31 May 2024 to 31 July 2024. The Return...

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...

Deadline for Submission of Employer’s Return
18/04/2024

The deadline for submission of the Withholding Taxes and Contributions Return or the year 2023 is on 31 May 2024.The Return, otherwise known as the Employer’s Return, provides...

Employer’s Return – New Submission Procedure
01/03/2024

As announced by the Tax Department on 21 February 2024, as part of the gradual implementation of the Tax For All platform, the Withholding Taxes and Contributions Return...

Changes in Employment Contributions for 2024
01/12/2023

As from 1 January 2024, the Social Insurance Contribution rates for each of the employer and the employee are increased by 0,5% and for self-employed individuals by 1%.

Important Amendments on 50% Income Tax Exemption
03/07/2023

On 22 June 2023 the Cyprus Parliament approved further amendments to the Income Tax Law in relation to this incentive.

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