Reference Interest Rates for 2025 for Notional Interest Deduction on Equity
The Cyprus Tax Department published on 14 February 2025 the bond yield rates as at 31 December 2024 for a number of countries, to be considered...
19 February 2025
Happy Holidays!
Warm wishes for a Merry Christmas and a Healthy, Happy and Prosperous New Year 2025 from all of us at Seamark!...
19 December 2024
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 considered for Special Contribution for Defence...
05 December 2024
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 and socially essential products will be...
01 November 2024
Deadline for Submission of Employer’s Return Extended
Through a circular issued on 30 May 2024, the Cyprus Tax Department announced amendments in the tax allowable thresholds for contributions to medical schemes. It relates...
30 October 2024
Upgraded Tax For All Portal Becomes Available
With an announcement dated 25 September 2024, the Cyprus Tax Department informed the public that the upgraded Tax For All Portal has become available to the...
25 September 2024
Electronic Filing of Objections in Relation to VAT Postponed
With an announcement dated 30 August 2024, the Cyprus Tax Department informed the public that the scheduled transition to electronic filing of VAT objections as from...
02 September 2024
Filing of Objections in Relation to VAT
With an announcement dated 26 August 2024, the Cyprus Tax Department informed the public that as from 3 September 2024 the filing of objections related to...
28 August 2024
Cyprus – Tax Treatment of Non-Refundable Capital Contributions
Through Interpretative Circular 25, released on 3 September 2018, the Cyprus Tax Department clarifies the tax treatment of non-refundable capital contributions......
