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The beginning of 2021 marks more than one year from the date when the first draft version of the Cypriot law implementing the EU Directive 2018/822 on the mandatory disclosure and exchange of information on ...

Cyprus has reduced the general Special Defence Contribution (SDC) rate on dividends received by tax resident and domiciled individuals from 17% to 5%, and abolished SDC on rental income from 1 January 2026. The reform retains a specific transitional rule for distributions of older profits by Cyprus tax resident companies. GHS contributions must be considered separately.

Interest costs disallowed by reason of the rules may be carried forward for up to five years.

As global tax rules tighten and anti-abuse scrutiny rises, many advisers will tell you that international low-tax trading structures are a thing of the past.

The Cyprus Tax Department has recently announced a change in the method for taxpayers in settling their tax liabilities as from May 3, 2023, and the release of a new updated version of the Stamp Duty Calculator.

The settlement of the tax payment can also be made via the JCCSmart website following the link below...

With effect as from 1 January 2022, transfer pricing documentation requirements have been introduced. The transfer pricing documentation compliance obligations include the preparation of Master File...

The EU in an effort to promote fair tax competition and address harmful tax practices on 14 February 2023 decided to add British Virgin Islands, Costa Rica, Marshall Islands and Russia to the EU...

Following the announcement of the Tax Department (announcement – available only in Greek), we would like to remind our clients that for the submission of the ΤD7 declaration for 2024...

Cyprus is a Mediterranean island with a rich history, vibrant culture, and a thriving economy. In this brochure, we will take you on a journey through the island's...

We are pleased to share our 2020 guide on Cyprus Tax Facts and Figures.

Establishing a holding company in the European Union, particularly in Cyprus, offers a wealth of advantages, grounded in the region's robust legal frameworks and favorable tax regimes.

The Principality of Andorra is a constitutional parliamentary democracy with a population of approximately 85,000.

Cyprus has long been recognized for its favourable corporate tax system, attracting businesses and high-net-worth individuals (HNWIs) seeking tax efficiency.

A physical person is considered to be a tax resident in Cyprus for a calendar year, if the criteria of the 183- or 60-day rule are met.

On 8 December 2024, the Republic of Cyprus and the Government of the Sultanate of Oman signed a new Double Taxation Agreement (DTA) aimed at preventing double taxation...

The Tax Department has announced that the Withholding Tax and Contributions Declaration (TD7) for the year 2024 is expected to be released to the Tax For All (TFA) portal in July 2025, at which point it will also be available for submission.