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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Announcement by Registrar of Companies for UBO Register
On 1 September 2023 the Cyprus Registrar of Companies issued an announcement in view of the upcoming implementation of the…
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Transfer Pricing – Assessment Method for Financing Transactions
Through a circular issued on 7 July 2023, the Cyprus Tax Department (TD) clarified the method it considers as the…
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Transfer Pricing Circular for Transactions Under the Local File Threshold
The Cyprus Tax Department issued a circular for transactions falling below the threshold for the preparation of a Local File.
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Change in Deadline for Payment of SCD on Rental Income
The amendment relates to the deadline for payment of Special Contribution for Defense on rental income, in cases this is…
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Important Amendments on 50% Income Tax Exemption
On 22 June 2023 the Cyprus Parliament approved further amendments to the Income Tax Law in relation to this incentive.
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