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 context of the Government’s strategy to attract and retain foreign talent to Cyprus. The [...]
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 the Government’s strategy to attract and retain foreign talent to Cyprus. Existing income [...]
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 self-employed persons with turnover below EUR 70,000 and who do not have the [...]
Extended deadlines for the submission of 2019 personal tax returns In accordance with a Decree issued on 5 June 2020, the following deadlines are extended to 30 October 2020: Electronic submission of the 2019 personal income tax return by employees and pensioners (TD1 - Employee) whose gross income exceeds [...]
Tax Incentives for Rent Reductions during 2020 On 2 June 2020, the Cypriot Income Tax Law was amended providing a tax credit to landlords (individuals or companies) so as to voluntarily reduce the rent charged to tenants. The tax credit is equal to 50% of the rent reduction voluntarily [...]
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