The aim of the emergency measures is to address the seasonality and the effects of the pandemic on the tourism industry for the period from October 31, 2021, to March 31, 2022.

In November and December 2021, the Cyprus House of Representatives passed the following amendments that will affect companies located or operating on the island.

The new proposals take into consideration best practices from other European countries and aim to establish Cyprus as a Sustainable Business and Trade center of the broader Middle Eastern region and Europe.

Companies that expect to have taxable income for 2021 must pay the second instalment of the temporary tax by 31st of December 2021.

Στόχος των εκτάκτων μέτρων είναι η αντιμετώπιση της εποχικότητας και των επιπτώσεων της πανδημ&