NEWSROOM

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...

Holidays are Coming!!!
21/12/2023

We would like to wish a Merry Christmas and a Healthier, Safer, Brighter New Year to everyone!

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...

Extension of Deadline for Verification of Data on UBO Register
18/12/2023

The Cyprus Registrar of Companies issued a directive in the Official Gazette of the Republic of Cyprus on 15 December 2023, based on which the Period A of the transition to the final solution of the electronic system of the Register of Beneficial Owners...

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.

Changes in Employment Contributions for 2024
01/12/2023

As from 1 January 2024, the Social Insurance Contribution rates for each of the employer and the employee are increased by 0,5% and for self-employed individuals by 1%.

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