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Posts Tagged ‘Tax’

Reduction on tax rate applied on interest on corporate and other bonds

On 26 of May 2022, the Cyprus Parliament approved an important amendment to the Special Contribution for Defense (“SCD”) Law, for what concerns taxation of interest income.

Cyprus – Jordan Double Tax Treaty in Force

The treaty entered in to force on 11 April 2022 and it generally applies as from 1 January 2023.

Extension of Income Tax 50% Exemption Approved by Council of Ministers

The Council of Ministers approved on 10 May 2022 the significant improvement of an incentive aimed at attracting foreign companies and highly skilled staff to Cyprus.

Extension of Deadline for Submission of 2020 Tax Returns

With a decision of the Cyprus Parliament on 24 March 2022, the deadline for submitting the tax return for 2020 for companies (TD4) and individuals with...

Incentives for Investing in Innovative SMEs – Extension of Application

The tax incentives for investing in innovative enterprises, which were introduced in 2017, were extended until 30 June 2024 by a decision of the...

Exemption from Submission of Personal Income Tax Return for 2021

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

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...

Cyprus and Germany Double Tax Treaty: Protocol Entered in to Force

The Protocol amending the Double Tax Treaty between Cyprus and Germany entered in to force on 8 December 2021.

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