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Cyprus and France Sign a New Double Tax Treaty
17/01/2024

On 11 December 2023 Cyprus and France signed a Double Tax Treaty (DTT) which, once it enters in to force, will replace the existing treaty between the two countries, dated back in 1981.

Reduction of Special Contribution for Defence on Interest Income
09/01/2024

Through an amendment approved by the Cyprus Parliament on 6 December 2023, the Special Contribution for Defence rate on interest income has been reduced from 30% to 17%.

Public Interest Rate for 2024
04/01/2024

With a decree published in the Official Gazette of the Republic of Cyprus on 29 December 2023, the Minister of Finance has increased the public interest rate...

Extension of VAT Deadline
20/12/2023

The Tax Department announced on 19 December 2023 that the deadline for submission of VAT returns, and payment of any amount due, for the VAT period from 1 September 2023 to 30 November 2023 is extended from...

Cyprus Citizenship – Special Provisions for Highly Skilled and Qualified Individuals
13/12/2023

On 30 November 2023, the Cyprus Parliament approved an amendment of the Civil Registry Law , modernising the current legal framework and relaxing the requirements and criteria for naturalisation of foreign nationals...

Deemed Dividend Distribution as at 31 December 2023
05/12/2023

Companies with accounting profits for tax year 2021 which fall within the Deemed Distribution (DD) provisions, would have to declare a sufficient amount of dividend, in order to meet the 70% threshold of distributed profits on or before 31 December 2023.

Cyprus and Croatia Sign a Double Tax Treaty
10/11/2023

On 17 October 2023 Cyprus and Croatia signed a Double Tax Treaty (DTT). The treaty was published in the Official Gazette of the Republic of Cyprus on 27 October 2023.

EU Revises List of Non-Cooperative Jurisdictions for Tax Purposes
19/10/2023

The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 17 October 2023, adding Seychelles, Belize and Antigua and Barbuda.

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