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It is to be noted that, in accordance with the Recovery and Resilience Plan for Cyprus ("RRP") submitted by Cyprus in 2021 and last modified in 2024, Cyprus has committed to introducing a withholding tax on outbound payments of dividends, interest and royalty payments to low-tax jurisdictions.

The payment of the second instalment of the temporary tax for the year 2022, as well as the revision of the temporary tax for the year 2022 which is due by December 31, 2022.

Employees, Pensioners and Self-Employed individuals, whose total gross income for the year 2022 exceeds €19.500, have an obligation to file TD1 for the tax year 2022.

The 1992 International Trusts Law gave Cyprus a "state of the art" international trusts regime, allowing non-residents to establish Cyprus-resident trusts with excellent tax mitigation and asset protection features. In the ensuing years, Cyprus international trusts proved to be extremely popular with residents of Russia and Central and Eastern Europe, allowing them to hold their newly-accumulated wealth through a jurisdiction offering stability and reliability, providing flexibility in

In Cyprus, two longstanding tax mechanisms, Special Defence Contribution (‘SDC') and Deemed Dividend Distribution (‘DDD')...

In this short article we will demonstrate to you what the best route to contact your business is in Cyprus. We take into consideration tax savings and of course the legal protection of the owner of the Company.

The CyprusIncome Tax Law provides a number of tax reliefsthat either existed under Cyprus Tax Law or came into effect from 1 January 2012.

As of 1st January 2015, supplies of telecommunications, broadcasting and electronically supplied services by suppliers located in the EU to private consumers and non-taxable customers...

In this article we will consider a brief overview of the taxes regarding businesses in Cyprus and some changes made to national tax legislation.

As global wealth continues to grow and diversify, high-net-worth individuals (HNWIs) and families are increasingly turning to Family Offices as a sophisticated solution for managing their financial, legal...

Το Τμήμα Φορολογίας ενημερώνει ότι, στα πλαίσια της προσπάθειας που καταβάλλεται για ταχεία εκκ

In an increasingly interconnected global economy, businesses and individuals engage in complex cross-border financial activities that often require a clear understanding of international tax regulations.

Assessment and Collection of Taxes Law, every company or individual (who derives income other than from emoluments) must pay by 31 July 2021 an estimate of the taxable profit for (corporate) income tax purposes ...

In 2025, elite entrepreneurs are strategically relocating to what's now called the "triangle of choice": Dubai, Cyprus, and Athens. This sophisticated movement represents far more than a simple search for lower taxes...

On July 11, 2016 Cyprus and Jersey signed a new double taxation agreement (DTA). The agreement is the first comprehensive DTA between the two, and will come into force once it has been ratified in accordance with their domestic legal procedures.

On 17 of October 2023, EU Members States updated their list of non-cooperative jurisdictions for tax purposes by including three new jurisdictions under Annex I of their list: Antigua and Barbuda, Belize, and Seychelles.

The Tax Department has announced that, based on a Decree of the Council of Ministers dated June 9th, 2023, the deadline for the filing date of Individual's Tax Return (except self-employed with accounts)