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...

Transfer Pricing Rules in Cyprus – Additional FAQs by Tax Authorities
16/03/2023

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

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.

Transfer Pricing Rules in Cyprus – FAQs by Tax Authorities
15/02/2023

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

Termination of Special Tax Treatment for “Back to Back” Financing Arrangements
17/01/2023

Through a circular issued on 5 January 2023, the Cyprus Tax Authorities announced that the provisions of circulars issued in the past about the so called “back-to-back” financing arrangements...

Transfer Pricing Rules in Cyprus – Guidance by Tax Authorities
30/09/2022

The Cyprus Tax Department issued a notification providing guidance related to the Transfer Pricing (TP) documentation requirements.

Introduction of Transfer Pricing Rules in Cyprus
05/07/2022

On 30 June 2022, the Cyprus Parliament voted in to law a package of measures introducing detailed Transfer Pricing (TP) requirements for businesses. The measures are in line with...

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