A) New tax-free & tax bands (from 2026) From 1 January 2026 , the Cyprus tax reform comes into force, which brings immediate changes for taxpayers. These changes will...
The Cyprus Parliament, on 8th June 2023, approved the new legislation with regards to the application of 5% VAT rate on the purchase or construction of a building to...
Article 33 & Article 33C of the Income Tax Law, Κ.Δ.Π. 314/2022 and Κ.Δ.Π. 273/2022 with effect as from 1st January 2022 As of 1 January 2022, the Cyprus...
Taxable Income (€) Tax rate (%) 0 – 19,500 0 19,501 – 28,000 20 28,001 – 36,300 25 36,301 – 60,000 30 60,001 and above 35 Exemptions: An individual...
A Company incorporated in Cyprus is governed by the Cyprus Companies’ Law Cap.113, being the statutory law for corporate law in Cyprus. The law is mandatory and controls the...
Date Description Return Notes End of each month PAYE withheld from employees’ salaries for the previous month – Taxportal code 0100 – Submission through Taxisnet and payment through Taxportal...
As per recent developments in the transfer pricing documentation, several challenges have been identified as the controlled transactions are becoming increasingly complicated and Cyprus Tax Authorities increase the documentation...
What is One-Stop-Shop (OSS)? The OSS is a platform which serves as a simplified VAT reporting and payment system for businesses involved in distance sale transactions within the EU....
Several factors shall be considered when registering a company in Cyprus as per below key points: Registration to governmental services is crucial when incorporating a company in order to...
A business is obliged to register to the Cyprus VAT authorities when its business taxable income exceeds or is expected to exceed the amount of €15,600 within a 12-month...