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Deemed Dividend Distribution as at 31 December 2023
Companies with accounting profits for tax year 2021 which fall within the Deemed Distribution (DD) provisions, would have to declare…
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Changes in Employment Contributions for 2024
As from 1 January 2024, the Social Insurance Contribution rates for each of the employer and the employee are increased…
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Final Solution of UBO Register Implemented
The Cyprus Registrar of Companies announced that as from 14 November 2023 the final solution of the electronic system of…
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Cyprus and Croatia Sign a Double Tax Treaty
On 17 October 2023 Cyprus and Croatia signed a Double Tax Treaty (DTT). The treaty was published in the Official…
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UBO Register – Companies Under Strike-Off
The Cyprus Registrar of Companies issued an announcement on 22 September 2023, clarifying that all companies which have applied for…
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EU Revises List of Non-Cooperative Jurisdictions for Tax Purposes
The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 17 October 2023, adding Seychelles, Belize and…
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Correction of VAT Returns
The Cyprus Tax Department announced on 21 September 2023 that VAT returns can be corrected via the Tax For All…
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Extension of Temporary Application of Zero VAT Rate for Essential Items
On 13 September 2023 the Council of Ministers of the Republic of Cyprus approved the extension of the application of…
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Further Extension of Deadline for Submission of Personal Income Tax Return for 2022
The Cyprus Tax Department announced on 25 September 2023, that the deadline for submission of the Income Tax Return for…
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