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The provisions of the Cyprus Tax law for the treatment of intangible assets have been amended on 14/08/2020, retrospectively from 01/01/2020.

Press reports indicate that Cyprus and India will finalise the amendments to their double tax avoidance agreement in the coming weeks.

It is reported in the Indian financial press that Cyprus and India will finalise the amendments to their double taxation avoidance agreement in the next few weeks.

The completion of the negotiation and the agreement reached on all pending issues will pave the way for the removal of Cyprus from the list of notified jurisdictional areas place in November 2013.

According to the Cyprus Income Tax Laws, all companies that will have taxable income for tax year 2020 should submit to the Tax Authorities by 31 July 2020

The Cyprus Tax Department has issued a reminder that 3 July 2018 is the final date for submitting applications for payment of overdue taxes by monthly instalments under the Process of Adjustment...

On 9 February 2021, the Department of Taxation issued an announcement in respect of Law 5(1)/2021 concerning the payment of VAT due in respect of the tax periods ending on 31 December 2020 and 31 January 2021.

In early September the Cypriot Tax Department issued an announcement informing the public that the bilateral Competent Authority Agreement, "Country-by-Country reporting", between Cyprus and the US is still under negotiation.

On 19th of December 2019, an amendment of Article 14 of the Income Tax Law of 2002 was published in the Official Gazette of the Republic of Cyprus.

On 18 May 2018, Cyprus and Andorra signed a double tax treaty (the "Treaty") which will become effective from 1 January 2019.

On 26 February 2021, the Cypriot Tax Department (CTD) issued an announcement which provides that no imposition of administrative fines for submission will apply until the 30th of June 2021, ...

On 12 December 2024, the Cyprus House of Representatives approved the implementation of a global minimum tax law in Cyprus (the GMT Law) for multinational enterprise groups (MNEs)...

Cyprus has recently concluded a Double Tax Treaty (DTT) with Iran. The treaty was signed on 4 August 2015 and shall enter into force once each country completes the ratification process.

Cyprus taxpayers have been granted additional time to meet their 2024 individual income tax obligations. A new decree approved by the Council of Ministers extends the submission...

This will effectively introduce a principal purpose test and limitation of benefits provisions into all covered agreements.

On 1 June 2016, the Cyprus Council of Ministers approved the reduction of immovable property tax rates by 50% from 1 per mille (that had been initially proposed) to 0.5 per mille

On 1 June 2018, Cyprus ratified the double tax treaty it had signed with Andorra on 18 May 2018