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%.
The Cyprus Tax Department announced on 21 September 2023 that VAT returns can be corrected via the Tax For All Portal.
On 13 September 2023 the Council of Ministers of the Republic of Cyprus approved the extension of the application of the zero rate of VAT on selected food and socially essential products.
The Cyprus Tax Department announced on 25 September 2023, that the deadline for submission of the Income Tax Return for employees, pensioners and...
The amendment relates to the deadline for payment of Special Contribution for Defense on rental income, in cases this is withheld at source. The tax should be paid...
On 22 June 2023 the Cyprus Parliament approved further amendments to the Income Tax Law in relation to this incentive.
On 8 June 2023 the Cyprus Parliament approved the bill on the application of a 5% VAT rate on the purchase or construction of a property to be used as the main and permanent residence by the buyer/s.
The Cyprus Tax Department announced on 9 June 2023, that the deadline for submission of the Income Tax Return for the year 2022 is extended from 31 July 2023 to 2 October 2023.
