NEWSROOM

Penalties for UBO Register – Update by Registrar
19/07/2024

With an announcement issued on 16 July 2024, the Cyprus Registrar of Companies notified that the announcement of 17 May 2024, on penalties related to...  

Cyprus Parliament Approves EU Blue Card Legislation
17/07/2024

On 11 July 2024, the Cyprus Parliament approved the draft legislation for the implementation of the EU Blue Card Scheme. The EU Blue Card offers a significant opportunity for...

Reference Interest Rates for Montenegro and Cameroon for Notional Interest Deduction on Equity
15/07/2024

The Cyprus Tax Department published on 5 July 2024 the bond yield rates as at 31 December 2022 and 2023 for Montenegro and Cameroon, to be considered for...

Employer’s Returns from 2019 and Onwards
10/07/2024

On 4 July 2024 the Cyprus Tax Department announced that submissions of the Withholding Taxes and Contributions Return  for the year 2019 and onwards can be made until 31 October 2024.

Deadline for Submission of Personal Income Tax Return for 2023 Extended
26/06/2024

The Cyprus Tax Department announced on 21 June 2024 that the deadline for submission of the Income Tax Return for 2023 is extended from 31 July 2024 to 31 October 2024.

Tax Treatment of Medical Scheme Contributions
12/06/2024

Through a circular issued on 30 May 2024, the Cyprus Tax Department announced amendments in the tax allowable thresholds for contributions to medical schemes. It relates to contributions... 

Deadline for Submission of Employer’s Return Extended
06/06/2024

The deadline for submission of the Withholding Taxes and Contributions Return for the year 2023 has been extended from 31 May 2024 to 31 July 2024. The Return...

Cross Border Conversion
04/06/2024

The Cyprus Registrar of Companies clarified that as per the amending Cyprus Companies’ Law, which was published in the Official Gazette of the Republic of Cyprus on 15/3/2024, the legislation...

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