The rate of Social insurance contributions is applied to a maximum level of emoluments. The maximum level of emoluments for 2023 is €60.060 (weekly €1.155/monthly €5.005...

The Parliament voted today 27 March 2020, a number of legislative amendments in response to the COVID-19 outbreak in Cyprus and its impact on the Cyprus economy.

Through IC 53, the Tax Department introduces new guidelines with respect to the tax treatment of Real Estate Developers and Contractors ("REDCs"), as from 1 January 2022.

Following a recent Tax Law Amendment, on 8 June 2018, the Cyprus Tax Authorities have announced via a publication in the Government Gazette the extension of the deadline for electronic submission of income tax return ...

The main purpose of DAC6 is to strengthen tax transparency and fight against aggressive tax planning.

On 21 March 2018, the European Commission (EC) published its EU digital tax package on the taxation of the digital economy which consists of four main parts.

VAT is imposed on the supply of goods and provision of services in Cyprus, as well as on the acquisition of goods from the EU and the importation of goods into Cyprus.

For the purposes of the Notional Interest Deduction the Cyprus Tax Authorities have now announced the interest yields of the 10-year government bonds for the below countries as at 31 December 2017, i.e. for tax year 2018.

The fees charged by the Department of Land and Surveys to the acquirer for transfers of immovable property are as follows...

The Cyprus Tax Authorities (CTA) have recently announced that, as from 1 June 2018, payment of the direct taxes indicated in the table below will be possible only through the online JCCsmart portal:

For the purposes of the Notional Interest Deduction the Cyprus Tax Authority has now announced the yield rates of the 10-year government bonds for the below countries as at 31 December 2018, i.e. the yield rates that apply for tax year 2019.

On 31 July 2020 the Cyprus Parliament voted to amend certain provisions relating to the Assessment and Collection of Taxes Law 4/78 aiming at improving tax compliance, strengthening...

Immovable Property Tax has been abolished as from 1 January 2017. Until tax year 2016, the owner of immovable property situated in Cyprus was liable to pay an annual IPT which was calculated...

All Cyprus tax resident individuals are taxed on all chargeable income (including certain employment benefits) accrued or derived from all sources in Cyprus and abroad.

On October 8, 136 out of the 140 countries of the OECD Inclusive Framework on Base Erosion and Profit Shifting (IF) politically committed to potentially fundamental changes to the international corporate tax system.

On 25 May 2018, the ECOFIN Council updated for the third time the EU list of non-cooperative jurisdictions in tax matters, commonly referred to as the ‘blacklist'.

On 13 March 2018, the ECOFIN Council updated for the second time the EU list of non-cooperative jurisdictions in tax matters, also referred to as the 'blacklist'.

Στις 03/11/2017, η ολομέλεια της Βουλής ψήφισε τροποποίηση στην περί ΦΠΑ Νομοθεσία με σκοπό την εναρμόνισ

OFAC Designates Russia and Balkans-Related Individuals and Entities and Issues Russia and Balkans-Related General Licenses: On November 16, the Department of the Treasury designated several individuals...

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