ArticleCyprus Ratifies The Cyprus - Saudi Arabia First-Time Double Tax TreatyCyprus ratified on 5 March 2018 the Cyprus - Saudi Arabia first-time Double Tax Treaty (DTT) which was signed on 3 January 2018. CyprusTaxPwC Cyprus
ArticleMinister Of Finance Issued A Decree Extending The Deadlines For Submission Of Direct Tax ReturnsThe Minister of Finance issued today, 30 March 2020, a decree extending the deadlines for submission of direct tax returns.CyprusTaxPwC Cyprus
ArticleTax Facts & Figures 2023 - Tax Treaties And Withholding Tax (WHT) TablesCyprus does not levy a WHT on dividends, interest and royalties paid to non-residents of Cyprus except in the case of royalties earned on rights used within Cyprus...CyprusTaxPwC Cyprus
ArticleThe Cyprus Tax Authority Issued An Announcement Extending Further The Deadline For Submission Of DAC6 Reports Without PenaltiesOn 4 June 2021 the Cyprus Tax Authority (CTA) issued an announcement extending further the deadline for submission of DAC6 reports without any penalties to the end of 30 September 2021.CyprusTaxPwC Cyprus
ArticleMinister Of Finance Issued A Decree Extending The Deadline For Submission Of Direct Tax Returns Of Individuals And For The Payment Of The Related TaxThe deadline for the payment of the related tax via self-assessment has been extended to the same date.CyprusTaxPwC Cyprus
ArticlePersonal Income Tax Deduction: Life And Private Medical Insurance Premiums, And Contributions To Social Insurance, Pension And Provident Funds, And GHSOn 6 December 2019, the House of Parliament approved an increase in the maximum annual tax deduction for life and private medical insurance premiums, and contributions to social insurance, pension and provident funds, ...CyprusTaxPwC Cyprus
ArticleThe Minister Of Finance Issued A Decree Extending Further The Deadline For Submission Of Direct Tax Returns Of Individuals And For Payment Of The Related TaxOn 20 October 2020 the Minister of Finance issued a decree extending further the deadline for submission of direct tax returns of individuals and for payment of the related tax...CyprusTaxPwC Cyprus
ArticleDAC6 To Enter Into Force On 25 June 2018The first reportable cross-border arrangements will be those where the first implementation step occurs between 25 June 2018 and 1 July 2020.European UnionTaxPwC Cyprus
ArticleCyprus Parliament Approves Legislation Implementing DAC6On 18 March 2021 the Cyprus Parliament approved the Bill ("Law") amending the Law on Administrative Cooperation in the Field of Taxation (Law 205(I)/2012).CyprusTaxPwC Cyprus
ArticleCyprus–Kazakhstan First-Time Double Tax Treaty: Cyprus RatifiesOn 24 May 2019, Cyprus ratified the first-time double tax treaty it had signed with Kazakhstan on 15 May 2019 CyprusTaxPwC Cyprus
ArticleLatest Revised EU List Of Third Country Non-Cooperative Jurisdictions In Tax MattersLatest Revised EU List Of Third Country Non-Cooperative Jurisdictions In Tax Matters.CyprusTaxPwC Cyprus
ArticleTax Law Amendment Regarding Debt RestructuringsOn 10 July 2018, the House of Representatives voted for amending the provisions of the tax legislation regarding bank debt restructurings involving immovable property in Cyprus.CyprusInsolvency/Bankruptcy/Re-StructuringPwC Cyprus
ArticleThe Cyprus Parliament Voted To Extend The Application Of The Debt Restructuring Provisions To 31 December 2021On 3 December 2020 the Cyprus Parliament voted for the extension of relevant tax provisions of the Cyprus tax legislation with respect to the debt restructurings.CyprusTaxPwC Cyprus
ArticleShipping And Tonnage TaxThe Cypriot maritime industry is ranked third in terms of size in the EU and 10th worldwide. CyprusTransportPwC Cyprus
ArticleThe Cyprus Tax Authority (‘‘CTA'') Issued Implementing Directive (Εφαρμοστική Οδηγία) No. 07/2021 Extending The Application Of The Provisions Of Implementing Directive No. 04/2020 That Clarified The Cyprus Income Tax Law Provisions Related To Tax Residency And Permanent Establishment (‘‘PE'') During The COVID-19 CrisisOn 25 January 2021, the CTA issued Implementing Directive No. 07/2021 extending the application of the provisions of Implementing Directive No. 04/2020.CyprusTaxPwC Cyprus
ArticleTax Facts & Figures 2023 - Special Contribution For DefenceSpecial Contribution for Defence is imposed on dividend income, 'passive' interest income and rental income earned by companies tax resident in Cyprus...CyprusTaxPwC Cyprus
ArticleCyprus Tax Authority Circular On Non-Return Capital Contributions (NRCCs)At all times the Cyprus contributor must not have any legal right to claim a repayment of the NRCC. CyprusTaxPwC Cyprus
ArticleTax Facts & Figures 2023 - General Health SystemAs per General Health System Law of 2001 (89(I)/2001 as amended 2017, a general health system was introduced in Cyprus aiming to provide to the population equal access to a holistic health care system.CyprusFood, Drugs, Healthcare, Life SciencesPwC Cyprus
ArticleNotional Interest Deduction (NID): Cyprus Income Tax Law Amendment Approved By ParliamentOn 5 June 2020 the Cyprus Parliament voted to amend the provisions of the Cyprus NID regime. CyprusTaxPwC Cyprus
ArticleCyprus-Germany Double Tax Treaty Amending Protocol: Cyprus RatifiesOn 5 March 2021 Cyprus ratified the amending Protocol to the Double Tax Treaty (DTT) between the Republic of Cyprus and the Federal Republic of Germany signed on 19 February 2021. CyprusTaxPwC Cyprus