The earnings cap for Social Insurance purposes for 2025 has increased to €66,612 per annum (2024: €62,868 per annum).
On 13 January 2025 the Tax Department announced that submissions of the Withholding Taxes and Contributions Return, otherwise known as the Employer’s Return, as well as payment of relevant taxes and contributions will be made through the Tax For All Portal.
The decree outlines the essential terms and conditions of employment which employers are obliged to disclose via the Ergani Information System.
Through a decree by the Council of Ministers of the Republic published in the Official Gazette of the Republic of Cyprus on 15 November 2024...
The introduction in 2015 of the concept of domicile in the tax system and the resulting special regime for persons not domiciled in Cyprus, commonly known as “Non-Dom” regime, is perceived as one of the most important provisions introduced in...
The Cyprus Tax Department announced on 30 October 2024 that the deadline for submission of the Income Tax Return for 2023 is further extended...
Through Interpretative Circular 25, released on 3 September 2018, the Cyprus Tax Department clarifies the tax treatment of non-refundable capital contributions...
On 8 July 2024 the Cyprus Tax Department issued Circular 04/2024 entitled “50% exemption from Income Tax on remuneration from employment exercised in the Republic”.
