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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Reduced VAT Rate on Purchase or Construction of New Residence
On 8 June 2023 the Cyprus Parliament approved the bill on the application of a 5% VAT rate on the…
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Extension of Deadline for Submission of Personal Income Tax Return for 2022
The Cyprus Tax Department announced on 9 June 2023, that the deadline for submission of the Income Tax Return for…
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Reference Interest Rates for Notional Interest Deduction on Equity
The Cyprus Tax Department issued an announcement on 23 May 2023 concerning the 10-year government bond yield rates as at…
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Double Tax Treaty Between Cyprus and the Netherlands Enters in to Force
The ratification procedure in both countries has been completed and the Double Tax Treaty will enter in to force on…
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