Alerts
Implementation of National Minimum Wage in Cyprus
Implementation of National Minimum Wage in Cyprus Beginning on January 1, 2023, the National Minimum Wage in Cyprus will be in effect. The relevant Decree issued by the Council of Ministers stipulates a gross starting salary [...]
Deemed Dividend Distribution of 31 December 2022
Deemed Dividend Distribution of 31 December 2022 We would like to bring to your attention the obligations arising from the deemed dividend distribution (DDD) provisions of the Special Contribution for the Defence Law that will be [...]
Payment of 2nd provisional tax installment for 2022
Payment of 2nd provisional tax installment for 2022 We would like to remind you that the payment deadline for the 2nd and final provisional tax installment for the tax year 2022 is the 31st of January [...]
New income tax exemptions for employment income tax circular
New income tax exemptions for employment income circular Further to our previous post, the Cypriot Income Tax Law was amended for certain income tax exemptions with respect to employment income. The amended law was voted in the [...]
New income tax exemptions for employment income
New income tax exemptions for employment income On 26 July 2022, The Cypriot Income Tax Law was amended for certain income tax exemptions with respect to employment income. The amended law was voted in the context of [...]
Increased tax deduction for Research and Development expenses
Increased tax deduction for Research and Development expenses On 7 July 2022, Article 9(1)(d) of the Cyprus Income Tax (“IT’’) Law was amended to allow a tax deduction for expenditure incurred for scientific research and Research [...]
Payment of 1st provisional tax installment for 2022
Payment of 1st provisional tax installment for 2022 We would like to remind you that the payment deadline for the 1st provisional tax installment for the tax year 2022 is the 31st of August 2022. The [...]
Introduction of limited assurance review
Introduction of limited assurance review On 9 June 2022, the House of Representatives approved amendments to the Companies Law and to the Assessment and Collection of taxes law (“the laws”). The purpose of the amendments is [...]
Extension to the deadline for the payment of the 2022 annual company levy
Extension to the deadline for the payment of the 2022 annual company levy On 30 June 2022, the deadline for the payment of the 2022 annual company levy was extended from 30 June 2022 to 31 [...]
Stay In Touch