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Cyprus – Russia Double Tax Treaty: Amending Protocol Comes in to Effect
02/03/2021

The ratification procedure has been completed and the protocol came in to effect on 15 January 2021 and it is applicable as from...

Reference Interest Rates for 2021 for Notional Interest Deduction on New Equity
02/03/2021

The Cyprus Tax Department published on 12 February 2021 the bond yield rates per country as at 31 December 2020 to be considered for the Notional Interest Deduction (NID) to which equity...

Cyprus and Germany Sign an Amending Protocol to their Double Tax Treaty
26/02/2021

On 19 February 2021 Cyprus and Germany signed an amending protocol to their existing Double Tax Treaty (DTT) of 2011.

Cyprus Tax Department Extends Guidance Related to Tax Residency During the COVID-19 Crisis
10/02/2021

A new Implementing Directive was issued on 25 January 2021, which extends the provisions of Directive 4/2020 for the year 2021.

Double Tax Treaty Between Cyprus and Egypt Enters in to Force
05/02/2021

The Cyprus Tax Department has recently announced that the ratification procedure was completed in both countries and the new DTT has entered...

Extension of Incentives for Relocating to Cyprus for Employment
07/12/2020

On 3 December 2020 the Cyprus Parliament approved the extension of the two incentives already in place for attracting people to relocate to Cyprus and obtain employment in the country.

Additional Extension of Deadline for Submission of 2019 Personal Income Tax Returns
30/11/2020

On 27 November 2020 it was announced that the deadline for submission of the 2019 personal income tax return is further extended to 15 December 2020.

Cyprus Tax Department Issues Guidance Related to Tax Residency During the COVID-19 Crisis
04/11/2020

On 27 October 2020 the Cyprus Tax Department issued Implementing Directive 4, related to tax residency during the COVID-19...

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