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On January 17th,2020, the double tax treaty between the Government of the Republic of Kazakhstan and Government of the Republic of Cyprus was ratified.

In a memorandum dated September 10, 2013, released in October 2013, the office of Associate Chief Counsel of the US Internal Revenue Service announced that a Cyprus-resident holding company qualified for benefits under the US-Cyprus double tax convention ("the US-Cyprus convention") and the reduced tax rate on dividends from qualified foreign corporations, despite not meeting the share ownership requirements stipulated in the convention.

EU citizens and businesses have the freedom of cross border trade but since direct taxation is not consistent across the Member States, this meant that fair competition regulations could not be implemented.

Along with its relatively low personal income tax rates, Cyprus offers a number of advantages to expatriates who take up employment in Cyprus.

The Cyprus Tax Department has announced that Form TΦ7, the declaration of withheld taxes and contributions, will be submitted through the TAX FOR ALL (TFA) platform for the tax year 2024.

Cyprus is refining its corporate tax system to align with international standards while maintaining its appeal to global investors. Among the upcoming adjustments...

The Treaty is based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital.

The Parliament on 07 July 2022 has voted a significant amendment on Income tax Law in an aim to increase the tax deduction granted on expenses incurred for research and development.

On 21 February 2019, released Circular 231 was released which provides the Tax Authority's interpretative guidance in relation to the right of access or use of sport facilities.

On September 13, 2023, Cyprus Tax Department released guidelines on taxing rental income from self-service accommodations via online platforms like Airbnb and Booking.

Based on the announcement, the existing practice with the minimum acceptable margins will apply up to 30th June 2017,

On 12 March 2021 the Minister of Finance issued a decree extending the deadline for submission of certain direct tax returns.

In continuation of our article issued in September 2023, in an important announcement on February 1, 2024, the Cyprus Tax Department has paved the way for a significant shift in the tax landscape...

The new Double Taxation Avoidance Agreement is expected to open the way for new investment opportunities between Cyprus and Iran.

Amendments to the Income Tax Law ("ITL") were approved by the House of Representatives and published in the official gazette on 30 June 2023 as the Income Tax Law 51(I)/2023 (Amending) (No.8)...

On 21 December 2021 new provisions amending both the Income Tax Law and the Special Contribution for the Defense of the Republic Law (SCD Law) were published in the Official Gazette of the Republic.

On 24 March 2025, the Tax Department issued Circular 2/2025, allowing the submission of Form T.D.1220 until December 31, 2025, for electing the non-taxation of immovable property leasing and/or renting, without any implications arising from late notification to the Tax Commissioner.