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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Amendments to the Cyprus Permanent Residence Permit Programme
To address some shortfalls of the Programme, important amendments were introduced with effect on 2 May 2023. These amendments are...
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Extension of VIES Deadline
The Tax Department announced on 3 May 2023 that the deadline for submission of VIES forms for April 2023 is…
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Temporary Application of Zero VAT Rate for Essential Items
On 2 May 2023 the Council of Ministers of the Republic of Cyprus approved a Decree which amends the VAT…
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Further Extension of VAT Deadline
The Tax Department announced on 20 April 2023 that the deadline for submission of VAT returns, and payment of any…
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Easter Holidays 2023
It is in times like this that we all need to pause on some occasions from our routine concerns and…
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