On 1 November 2022 the Cyprus Tax Department issued Tax Circular 10 of 2022, providing clarifications and examples on how the exemptions are applied in practice.
Cyprus has proven to be an ideal jurisdiction for technology companies and other organisations which own patents, trademarks, trade secrets, copyrights in literary and artistic works, computer software, and other inventions...
Through an announcement issued on 13 October 2022 the Cyprus Tax Department clarified that the bilateral Competent Authority Arrangement for the exchange of...
The Cyprus Tax Department issued a notification providing guidance related to the Transfer Pricing (TP) documentation requirements.
Individuals whose gross annual income is below €19.500 have been exempted from the obligation to submit a personal income tax return for the tax year 2022.
31 December 2022 is the submission deadline for the following Country-by-Country (CbC) Reporting obligations in Cyprus:
• Submission of CbC Reports for the 2021 Reporting Fiscal Year...
An amending law was published in the Official Gazette of the Republic of Cyprus with respect to the income tax exemptions for employment income, in relation to persons moving to Cyprus for employment.
The tax incentives for investing in innovative enterprises have been extended even further following a law approved by Cyprus Parliament recently. The extension concerns...
