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Liquidation of a Cyprus Company
24/01/2022

There are different reasons why a company may need to close down and different procedures that have to be followed depending on those reasons and the individual circumstances.

Special Contribution for Defense and General Healthcare System Withheld on Dividend and Interest Payments
13/01/2022

The deadline for electronic submission of the declarations for Special Contribution for Defense and General Healthcare System contributions withheld on...

Public Interest Rate for 2022
13/01/2022

With a decree issued on 31 December 2021, the Minister of Finance of the Republic of Cyprus has kept the public interest rate for 2022 the same as in 2021, at 1.75%.

Cyprus and Jordan Sign a Double Tax Treaty
10/01/2022

On 17 December 2021 Cyprus and Jordan signed a Double Tax Treaty. The treaty is based on the new OECD Model Tax Convention and includes all the minimum standards of the...

Earnings Threshold for Employment Contribution Purposes for 2022
05/01/2022

The earnings cap for Social Insurance purposes for 2022 has increased to €58,080 per annum (2021: €57,408 per annum).

Country by Country Reporting – Extension of Deadline
29/12/2021

The Cyprus Tax Department announced on 20 December 2021 that the submission deadline for Country-by-Country (CbC) Reporting obligations in Cyprus due to the secondary filing mechanism...

Further Extension of Deadline for Payment of Annual Levy for 2021
28/12/2021

On 21 December 2021 the Cyprus Registrar of Companies announced that the deadline for payment of the Annual Levy for 2021 is further extended from...

Introduction of Incorporation Test for Tax Residency and Withholding Taxes
22/12/2021

On 9 December 2021 the Cyprus Parliament approved some amendments to the Income Tax law and the law on Special Contribution for Defence related to...

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