Tax Circular on 50% Exemption of Remuneration from Income Tax
On 8 July 2024 the Cyprus Tax Department issued Circular 04/2024 entitled “50% exemption from Income Tax on remuneration from…
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Penalties for UBO Register – Update by Registrar
With an announcement issued on 16 July 2024, the Cyprus Registrar of Companies notified that the announcement of 17 May…
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Cyprus Parliament Approves EU Blue Card Legislation
On 11 July 2024, the Cyprus Parliament approved the draft legislation for the implementation of the EU Blue Card Scheme.…
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Reference Interest Rates for Montenegro and Cameroon for Notional Interest Deduction on Equity
The Cyprus Tax Department published on 5 July 2024 the bond yield rates as at 31 December 2022 and 2023…
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Deadline for Submission of Personal Income Tax Return for 2023 Extended
The Cyprus Tax Department announced on 21 June 2024 that the deadline for submission of the Income Tax Return for…
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Tax Treatment of Medical Scheme Contributions
Through a circular issued on 30 May 2024, the Cyprus Tax Department announced amendments in the tax allowable thresholds for…
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Deadline for Submission of Employer’s Return Extended
Through a circular issued on 30 May 2024, the Cyprus Tax Department announced amendments in the tax allowable thresholds for…
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Cross Border Conversion
The Cyprus Registrar of Companies clarified that as per the amending Cyprus Companies’ Law, which was published in the Official…
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Double Tax Treaty between Cyprus and Luxembourg enters in to force
The Double Tax Treaty between Cyprus and Luxembourg entered into force on 21 May 2018
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