NEWSROOM

Cyprus Non-Dom Regime
01/11/2024

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...

Deadline for Submission of Personal Income Tax Return for 2023 Further Extended
30/10/2024

The Cyprus Tax Department announced on 30 October 2024 that the deadline for submission of the Income Tax Return for 2023 is further extended...

Tax Circular on 50% Exemption of Remuneration from Income Tax
06/08/2024

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”.

Cyprus Parliament Approves EU Blue Card Legislation
17/07/2024

On 11 July 2024, the Cyprus Parliament approved the draft legislation for the implementation of the EU Blue Card Scheme. The EU Blue Card offers a significant opportunity for...

Employer’s Returns from 2019 and Onwards
10/07/2024

On 4 July 2024 the Cyprus Tax Department announced that submissions of the Withholding Taxes and Contributions Return  for the year 2019 and onwards can be made until 31 October 2024.

Deadline for Submission of Personal Income Tax Return for 2023 Extended
26/06/2024

The Cyprus Tax Department announced on 21 June 2024 that the deadline for submission of the Income Tax Return for 2023 is extended from 31 July 2024 to 31 October 2024.

Tax Treatment of Medical Scheme Contributions
12/06/2024

Through a circular issued on 30 May 2024, the Cyprus Tax Department announced amendments in the tax allowable thresholds for contributions to medical schemes. It relates to contributions... 

Deadline for Submission of Employer’s Return Extended
06/06/2024

The deadline for submission of the Withholding Taxes and Contributions Return for the year 2023 has been extended from 31 May 2024 to 31 July 2024. The Return...

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