Tax
Updated Cyprus Tax Overview: Emphasis on Substance, Anti-Avoidance, and Withholding Tax Measures
Introduction
Cyprus has steadily strengthened its tax framework in line with evolving international standards on transparency, substance, and anti-avoidance. Through a series of legislative and policy reforms, the country has signaled its clear commitment to responsible tax practices and global cooperation.
An integral part of this evolution is the introduction and recent expansion of withholding tax (WHT) measures targeting payments to jurisdictions deemed high-risk from a tax perspective. These developments mark a continued shift toward reinforcing substance and tackling aggressive tax planning.
08 July 2025