NEWSROOM

Extension of VAT Return Submission Deadline
20/03/2023

The Tax Department announced on 17 March 2023 that the deadline for submission of VAT returns is extended as follows...

Tax For All Portal Going Live
16/03/2023

The Tax Department announced that the Tax For All Portal will go live on 27 March 2023.In the announcement the Tax Department communicated the following  deadlines for submissions and payments.

Foreign Interest Companies – Important Amendment
01/02/2023

On 30 November 2022, the Council of Ministers approved the Amendment of the Policy for the Registration of Companies in the Register of Foreign Interest Companies. The decision entered into force on 12 December 2022.

Gradual Implementation of Tax For All Portal
30/01/2023

Οn 17 January 2023, the Tax Department announced the commencement of the gradual implementation of the Tax For All (TFA) Portal. The portal is intended to replace in stages the TAXISnet platform as well as other systems and procedures.

Earnings Threshold for Employment Contribution Purposes for 2023
09/01/2023

The earnings cap for Social Insurance purposes for 2023 has increased to €60,060 per annum (2022: €58,080 per annum).
It is reminded that the contributions an employer is required to make...

Income Tax exemptions for Persons who Move to Cyprus for Employment - Clarifications by Tax Department
09/11/2022

On 1 November 2022 the Cyprus Tax Department issued Tax Circular 10 of 2022, providing clarifications and examples on how the exemptions are applied in practice.

Electronic Submissions and Payment of Overdues to Social Insurance Department
04/10/2022

The Cyprus Ministry of Labour and Social Insurance has recently announced the following in relation to electronic submissions and payments...

Exemption from Submission of Personal Income Tax Return for 2022
28/09/2022

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.

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