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Deemed Dividend Distribution for 2024
31 December 2024 is the cut off date for assessing whether there a Deemed Dividend Distribution will need to be…
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Clarifications on Country by Country Reporting Agreement between Cyprus and the USA
Through an announcement issued on 13 October 2022 the Cyprus Tax Department clarified that the bilateral Competent Authority Arrangement for…
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Cyprus Non-Dom Regime
The introduction in 2015 of the concept of domicile in the tax system and the resulting special regime for persons…
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Re-introduction of Temporary Application of Zero VAT Rate for Essential Items
The Tax Department announced on 31 October 2024, that the application of the zero rate of VAT on selected food…
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Deadline for Submission of Personal Income Tax Return for 2023 Further Extended
The Cyprus Tax Department announced on 30 October 2024 that the deadline for submission of the Income Tax Return for…
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Extension of Filing Date for Corporation Tax Return and SIT
Through an announcement dated 25 October 2024, the Cyprus Tax Department notified that the Council of Ministers of the Republic…
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Updated EU List of Non-Cooperative Jurisdictions for Tax Purposes
The EU Council revised its list of non-cooperative jurisdictions for tax purposes on 8 October 2024, removing Antigua and Barbuda.
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UBO Register – Annual Confirmation of Data
With an announcement issued on 25 September 2024, the Cyprus Registrar of Companies reminded about the obligation of entities to…
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Transfer Pricing– New FAQs by Tax Authorities
The Cyprus Tax Department issued new Frequently Asked Questions (FAQs) on its website, providing guidance on certain aspects of the…
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