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...