Deadline for Submission of Employer’s Return

The deadline for submission of the Withholding Taxes and Contributions Return or the year 2023 is on 31 May 2024.The Return, otherwise known as the Employer’s Return, provides...

Transfer Pricing Rules in Cyprus – New FAQs by Tax Authorities

The Cyprus Tax Department issued new Frequently Asked Questions on its website, providing guidance on certain aspects of the Transfer Pricing Rules introduced with effect from 1 January 2022.  

Reference Interest Rates for 2024 for Notional Interest Deduction on Equity

The Cyprus Tax Department published on 7 March 2024 the bond yield rates as at 31 December 2023 for a number of countries, to be considered for the Notional Interest Deduction to which equity injected in to Cyprus companies...

EU List of Non-Cooperative Jurisdictions for Tax Purposes – Removals

The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 20 February 2024, removing the Bahamas, Belize, Seychelles and Turks & Caicos Islands.

Extension of Deadline for Submission of Forms for SCD and GESY Withheld on Dividends and Interest

With an announcement issued on 29 February 2024, the Cyprus Tax Authorities informed taxpayers that the deadline for submission of the declarations...

Employer’s Return – New Submission Procedure

As announced by the Tax Department on 21 February 2024, as part of the gradual implementation of the Tax For All platform, the Withholding Taxes and Contributions Return...

Corporation Tax Return and SIT Filing Date Extended

Through an announcement dated 23 February 2024, the Cyprus Tax Department notified a decree issued by the Council of Ministers of the Republic of Cyprus providing for the extension of the deadline...

Double Tax Treaty Between Cyprus and Croatia in Application

Through a circular issued on 1 February 2024 the Cyprus Tax Department announced that the necessary procedures for ratification of the Double Tax Treaty between  Cyprus and Croatia were completed...

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