NEWSROOM

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...

Corporation Tax Return and SIT Filing Date Extended
26/02/2024

Through an announcement dated 23 February 2024, the Cyprus Tax Department notified a decree issued by the Council of Ministers of the Republic of Cyprus providing for the extension of the deadline...

Annual Levy to be Abolished
23/02/2024

The Council of Ministers of the Republic of Cyprus decided on 21 February 2024, to abolish the Annual Levy of €350 payable to the Registrar of Companies...

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.

Double Tax Treaty Between Cyprus and Croatia in Application
12/02/2024

Through a circular issued on 1 February 2024 the Cyprus Tax Department announced that the necessary procedures for ratification of the Double Tax Treaty between  Cyprus and Croatia were completed...

Transfer Pricing – Revised Thresholds
06/02/2024

On 1 February 2024, the Cyprus Tax Department published revised thresholds for what concerns the obligation to prepare a Local File for transactions with related parties (known as “Controlled Transactions”).

Cancellation of Penalties for Late Submission of Data to UBO Register
01/02/2024

The Cyprus Registrar of Companies announced, on 31 January 2024, that any penalties imposed for late submission of data to the Register of Beneficial Owners of Corporate and Other Legal Entities (UBO Register) are waived.

Extension of Deadline for Submission of Data on UBO Register
26/01/2024

The Cyprus Registrar of Companies announced, on 17 January 2024, the extension of the deadline for submission of data to the Register of Beneficial Owners of Corporate and Other Legal Entities...

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