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
Grace Period for Filing of Corporation Tax Return and SIT for 2022
On 12 February 2025 the Cyprus Tax Department announced that while the deadline for submission of the Corporation Tax Return for 2022 for taxpayers with an...
14 February 2025
Changes in Employment Contributions for 2025
The earnings cap for Social Insurance purposes for 2025 has increased to €66,612 per annum (2024: €62,868 per annum)....
21 January 2025
Employer’s Returns to be Submitted via the Tax For All Portal
On 13 January 2025 the Tax Department announced that submissions of the Withholding Taxes and Contributions Return, otherwise known as the Employer’s Return, as well as...
20 January 2025
Registration of Employment Details in Ergani Information System
The decree outlines the essential terms and conditions of employment which employers are obliged to disclose via the Ergani Information System....
17 January 2025
Cyprus Introduces Global Minimum Tax for Multinational and Large Domestic Groups
The Directive is set to ensure a global minimum level of taxation for multinational enterprise groups and large domestic groups in the EU. It introduces a...
17 December 2024
Cyprus and Oman Sign a Double Tax Treaty
On 8 December 2024 the Republic of Cyprus and the Sultanate of Oman signed a Double Tax Treaty (DTT)....
16 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
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 the exchange of......
