Market Intelligence

On 30 September 2026, the Council of Ministers approved the temporary application of the zero VAT rate to certain essential goods under Decree Ê. Ä. Ð. 354/2026.

Cyprus continues to support international holding, financing and IP structures following its 2026 tax reform. While corporate tax has increased to 15%, key regimes including the IP Box, NID and participation exemption remain in place.

The OECD's November 2025 updated Commentary on Article 5 of the Model Tax Convention introduces groundbreaking guidance on when cross-border remote working arrangements and home offices may create permanent...

From 5 October 2026, the Cyprus Tax Department will no longer accept email requests to register or amend bank account details for tax refunds. All IBAN changes must be submitted exclusively through...

The Cyprus Tax Portal enables taxpayers to manage their tax obligations digitally, from submitting self-assessments to completing payments through card or internet banking. This practical guide walks through the essential steps for navigating the portal, selecting the correct tax categories, verifying payment details, and ensuring transactions are properly recorded in your tax account.

Cyprus has fundamentally changed how it taxes outbound dividends, interest, and royalties paid to associated companies. Depending on where the receiving shareholder is located, the same payment can now attract 0%, 5%, or 17% withholding tax—or trigger a complete denial of the deduction. Most international groups have not yet reviewed their ownership structures against these new rules, which took effect on 1 January 2026 and apply automatically based on the recipient's jurisdiction.