Transfer Pricing Rules in Cyprus – Guidance by Tax Authorities

The Cyprus Tax Department issued a notification providing guidance related to the Transfer Pricing (TP) documentation requirements.

Exemption from Submission of Personal Income Tax Return for 2022

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.

Country by Country Reporting – 31 December 2022 Deadline

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...

Deadline for Registration to UBO Register for Trusts

The Cyprus Securities and Exchange Commission (CySEC) announced on 7 September 2022 that the deadline for submitting information to  the Cyprus Beneficial Ownership Register...

UBO Register – Deadline and Report Production

On 1 August 2022 the Cyprus Registrar of Companies announced that an application for the issuance of a “Beneficial Ownership Report” is available on...

Further Improvement of Income Tax exemptions for Persons who Move to Cyprus for Employment

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. 

UBO Register - Deadline

On 25 July 2022 the Cyprus Registrar of Companies announced that the  extended deadline for submission of data to the Register of Ultimate Beneficial Owners for companies and other legal entities (UBO Register) which was on...

Incentives for Investing in Innovative SMEs – Extension of Application to Corporate Investors

The tax incentives for investing in innovative enterprises have been extended even further following a law approved by Cyprus Parliament recently. The extension concerns...

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