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.
On 17 October 2023 Cyprus and Croatia signed a Double Tax Treaty (DTT). The treaty was published in the Official Gazette of the Republic of Cyprus on 27 October 2023.
The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 17 October 2023, adding Seychelles, Belize and Antigua and Barbuda.
The Cyprus Tax Department announced on 21 September 2023 that VAT returns can be corrected via the Tax For All Portal.
On 13 September 2023 the Council of Ministers of the Republic of Cyprus approved the extension of the application of the zero rate of VAT on selected food and socially essential products.
The Cyprus Tax Department announced on 25 September 2023, that the deadline for submission of the Income Tax Return for employees, pensioners and...
Through a circular issued on 7 July 2023, the Cyprus Tax Department (TD) clarified the method it considers as the most appropriate for determining the arm’s length pricing for financing transactions, including those of a “back-to-back” nature.
The Cyprus Tax Department issued a circular for transactions falling below the threshold for the preparation of a Local File.
