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Cyprus Jordan Double Tax Treaty entered into force
Cyprus Jordan Double Tax Treaty entered into force The Double Tax Treaty between Cyprus and the Kingdom of Jordan (the “Treaty”) entered into force on 11 April 2022. The Treaty, which was signed on 17 December [...]
Notional Interest Deduction rates for 2022
Notional Interest Deduction rates for 2022 The Cypriot Tax Department issued an announcement listing the 10-year government bond yield rates as of 31 December 2021 for various countries with respect to the Notional Interest Deduction (NID) [...]
Cyprus measures for EU-blacklisted jurisdictions
Cyprus measures for EU-blacklisted jurisdictions Further to our previous post, on 21 December 2021 the Cypriot Income Tax Law and Special Defence Contribution Law were amended for the introduction of defensive tax measures that will apply [...]
Cyprus revised corporate tax residency test
Cyprus revised corporate tax residency test On 21 December 2021, an amendment to the Cypriot Income Tax Law was published whereby an additional corporate tax residency test is introduced based on incorporation. This additional test aims [...]
Cyprus Plan for attracting companies in Cyprus
Cyprus Plan for attracting companies in Cyprus On 15 October 2021 the Cyprus government presented its Action Plan for attracting companies to operate or expand their activities in Cyprus. The new strategy is in line with the [...]
Extended Deadlines for the Submission of 2020 Tax Returns
Extended deadlines for the submission of 2020 personal tax returns On 23 July 2021, the Cypriot Ministry of Finance announced that the 2020 personal income tax return (T.D.1) for employees and pensioners as well as for [...]
Payment of 1st provisional tax installment for 2021
Payment of 1st provisional tax installment for 2021 We would like to remind you that the payment deadline for the 1st provisional tax installment for the tax year 2020 is the 31st of August 2021. The [...]
Payment of final tax for 2020
Payment of final tax for 2020 We would like to remind you that the payment deadline for the final tax for the tax year 2020 for companies and self-employed individuals preparing audited financial statements is the [...]
Tax Treaty between Cyprus and The Netherlands
Tax Treaty between Cyprus and The Netherlands On 1st June 2021, Cyprus and The Netherlands signed a Double Tax Treaty that follows the provisions of the OECD Model Tax Treaty. The Treaty was by the Minister [...]
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