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Exemption from Submission of Personal Income Tax Return for 2021
16/02/2022

Through a decree by the Council of Ministers of the Republic of Cyprus issued on 4 February 2022, individuals whose gross annual income is below...

Reference Interest Rates for 2022 for Notional Interest Deduction on New Equity
10/02/2022

The Cyprus Tax Department published on 3 February 2022 the bond yield rates per country as at 31 December 2021 to be considered for the Notional Interest Deduction...

Frequently Asked Questions on Back to Back Financing Arrangements
04/02/2022

The Cyprus Tax Department issued, on 24 January 2022, a set of Frequently Asked Questions related to financing arrangements between related parties of a so called Back to Back nature.

Withholdings on Dividend and Interest Payments – Extension of Deadline for Submission of Declarations
26/01/2022

The Tax Department announced on 26 January 2022 that the deadline for electronic submission of the declarations for Special Contribution for Defense (SCD) and General Healthcare System (GHS) contributions...

UBO Register - ACT NOW!
25/01/2022

The deadline for registration of every company or any other legal entity incorporated in Cyprus to the UBO Register is on 12 March 2022.

Liquidation of Cyprus Companies | Insolvency Services
24/01/2022

There are different reasons why a company may need to close down and different procedures that have to be followed depending on those reasons and the individual circumstances.

Special Contribution for Defense and General Healthcare System Withheld on Dividend and Interest Payments
13/01/2022

The deadline for electronic submission of the declarations for Special Contribution for Defense and General Healthcare System contributions withheld on...

Public Interest Rate for 2022
13/01/2022

With a decree issued on 31 December 2021, the Minister of Finance of the Republic of Cyprus has kept the public interest rate for 2022 the same as in 2021, at 1.75%.

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