On 5th March 2018 the Official Gazette of the Republic of Cyprus published the Treaty that was signed between the Cyprus Government and the Government of the Kingdom of Saudi Arabia, ...

On December 2 2014 the Cypriot finance minister and the US ambassador to Cyprus formally signed the intergovernmental agreement between Cyprus and the United States under the Foreign Account Tax Compliance Act (FATCA).

The Cyprus Tax Department (CTD) has notified the Institute of Certified Public Accountants of Cyprus (ICPAC) of their policy change...

The Minister of Finance has issued a decree relating to the submission of the Personal Income Tax Form (TD1) for employees, pensioners or self-employed without audited accounts, for the tax year 2019.

As reported earlier, on November 8, 2012 Cyprus and Ukraine signed a new double taxation agreement to replace the Cyprus – USSR agreement of 1982, which Ukraine had adopted on independence.

Cyprus has a wide network Double Taxation Treaties which makes it an efficient jurisdiction for International Tax Planning. Currently Cyprus has active Double Taxation Treaties.

On 3 May 2017 an Agreement was signed between the Republic of Cyprus and Barbados for the Avoidance of Double Taxation and the Prevention of Tax Evasion with respect to taxes on income.

The double taxation agreement between Cyprus and Portugal, which was signed on 19 November 2012, entered into force on 16 August 2013 following the completion of ratification procedures by the two countries and the exchange of notifications of ratification.

The Cyprus Tax Department has issued guidance relating to the exchange of information with Austria under Directive 2014/107/EU on mandatory automatic exchange of information...

The Cyprus Income Tax Law was amended in 2012 to introduce accelerated capital allowances for tax purposes on assets purchased during the years 2012 to 2014 inclusive.

The Tax Department of Cyprus announced on 22 November 2021 that there will be no imposition of administrative fines with respect to the submission of information on reportable cross-border arrangements...

On 18 December 2018 the Cyprus Tax Department announced that the submission deadline for country by country reports for the year ended 31 December 2017 ...

On 23 February 2024, the Cyprus Tax Department ("CTD") published a letter extending the deadline for the submission of the 2022 Income Tax Return ...

On 10 February 2023, the Cyprus Tax Department released a set of FAQs with the purpose of clarifying certain provisions of the Articles 33 and 33C of the Income Tax Law, which relate to the adoption of the transfer pricing legislation ...

On 10 February 2023, the Cyprus Tax Department released a set of frequently asked questions (FAQs) with the purpose of clarifying certain provisions of the Articles 33 and 33C of the Income Tax Law, which relate to the adoption of the transfer pricing legislation by Cyprus as from 1 January 2022.

On 3 April 2024, the Cyprus Tax Department released additional frequently asked questions ..

The Tax Department announced on March 20 2018 that companies and self-employed individuals that are required to submit annual accounts will be given an additional three months to file their tax...

On the 3rd of June 2021, the Tax Department issued an announcement stating that there will be no imposition of administrative fines for the overdue submission of DAC6 information until the 30th of September 2021.

Following the extension of tax relief on disposal of immovable property for the purposes of restructuring non-performing loans introduced by Laws 96(I), 98(I), 99(I) and 100(I) of 2018 ...

Payments must be made via the JCCsmart electronic payments website.