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On 11 March 2021 the Cyprus Parliament voted to extend the tax benefits available (under certain requirements) to landlords that voluntarily reduce the rental amount.

Cyprus has introduced a 15% corporate tax rate effective January 2026, aligning with OECD's Pillar Two framework while maintaining competitive advantages. The reform includes reduced Special Defence Contribution on dividends, wider personal income tax bands, and a clear framework for crypto asset taxation, positioning Cyprus as an attractive international business hub.