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Since 2004, Cyprus is a full Member State of the European Union. This fact, along with its good strategic location, highly skilled human capital, excellent infrastructure, reliable communications...

Special Contribution for Defence is imposed on dividend income, 'passive' interest income and rental income earned by companies tax resident in Cyprus...

The new Double Tax Treaty (DTT) between Cyprus and Egypt, which was signed on 8 October 2019 and which entered into force on 31 July 2020, is effective as from 1 January 2021...

On 22 February 2021, the Council of the European Union (the Council) updated the European Union (EU) list of non-cooperative jurisdictions for tax purposes (the EU List).

After some years of tough negotiations, the new Cyprus India Double Taxation Avoidance Agreement (DTAA) has been signed on 18 November 2016. The new Cyprus India DTAA is expected to re-boost trade and investment activities between the two countries.

Cyprus Parliament has voted and implemented the Council Directive (EU) 2021/514 regarding digital platforms into law.

On the 8th of September 2020, the Republic of Cyprus and the Russian Federation signed a protocol amending the Double Tax Treaty ("DTT") between the two states.

Money laundering offences usually consist of conduct which seeks to conceal the criminal origin of wealth.

A new Chainalysis report reveals that over $457 billion in potentially taxable cryptocurrency activity occurred globally in 2025, with significant implications for crypto holders and traders in Cyprus. While frameworks like OECD's CARF and EU's DAC8 extend reporting requirements to crypto-asset service providers, substantial portions of DeFi, peer-to-peer transfers, and private wallet holdings remain outside their scope, creating critical compliance gaps that blockchain analytics must fill.

A specific extension allows qualifying Cyprus home projects affected by planning-authority delays to use the more generous pre-2023 reduced-VAT rules. The relevant examination window runs to 31 December 2026. The ordinary deadline for the old transitional regime was 15 June 2026; that deadline did not abolish the separate, continuing reduced-rate regime for eligible main and permanent residences.

Bringing Cypriot Income Tax Law in line with the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations and within the framework of Action 13 of the BEPS action plan.

Individuals can now become tax resident in Cyprus under the 60-day rule even where another country also treats them as resident for the same year. The change, made by Law 244(I)/2025 amending the Income Tax Law, was published in the Official Gazette on 31 December 2025 and has applied since 1 January 2026.

The characteristics of the digital platform economy have proven to be quite challenging when it comes to the traceability and detection of taxable events (eg, tax fraud, tax evasion and tax avoidance) by tax authorities.

Cyprus is showing its commitment to global tax transparency with the implementation of the Common Reporting Standard (CRS). The CRS, developed by the Organisation for Economic Co-operation and Development (OECD), facilitates the automatic exchange of financial account information in tax matters between participating jurisdictions, aiming to combat tax evasion and enhance global tax compliance.

In the wake of the Covid 19 pandemic and with public deficits having reached a zenith, tax reform appears to be high on the agenda of many of the world's key players, most notably President Biden...

An important element for the transition to the TFA Taxpayer Portal is the electronic address (e-mail) which is used for the update and communication with Users.

Forms relating to the period January 2019 until December 2021 shall need to be electronically submitted by 31 January 2022.