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Greek The European Union Has Adopted a Plan For a Global Minimum 15% Tax on Big Business
On 15 December 2022, the EU Council reached unanimous agreement to implement the EU Minimum Tax Directive.
Latest Articles
Significant Changes In The Cypriot Tax Legislation Regarding Granting Of Exemption On Employment Income Earned By Persons Who Were Not Previously Tax Residents Of Cyprus
<p>On 14 July 2022, the House of Representatives passed amendments to sections 8 (21) and 8 (23) of the Income Tax Law (“the Law”), that provide for...
Changes In The Cypriot Tax Legislation For Investments In Small Or Medium Innovative Businesses
<p>On 14 July 2022, the House of Representatives passed amendments to section 9A of the Income Tax Law (“the Law”), that provides for a deduction fr...
Changes In The Cypriot Tax Legislation On Granting Allowances For Expenditure On Scientific Research And For Research And Development
<p>On 7 July 2022 the Cypriot House of Representatives amended the provisions of the income tax laws for granting allowances on any expenditure incu...
Introduction of Legislation on Transfer Pricing Documentation Requirements in Cyprus
<p style="text-align: justify;">On 30 June 2022 the Cypriot House of Representatives approved legislation for the introduction of requirements for t...
Amendment to the Special Defence Contribution Law of Cyprus on Interest Received
The law has been amended so that now both individuals and companies can benefit from the reduced rate of 3% on interest income received.
Introduction of Transfer Pricing Documentation Requirements in Cyprus – Current Status
<p>On 18 June 2021 the Cypriot Ministry of Finance has sent to the House of Representatives bills for the introduction of requirements for transfer ...
Extension Granted for the Filing of the 2020 Tax Returns
<p>Extension granted for the filing of the 2020 tax returns in Cyprus by companies and self-employed individuals who prepare audited financial state...
Deduction for the Cost of Investment in Innovative Small and Medium-sized Enterprises Incurred by an Invividual
On 10 March 2022, the House of Representatives extended the validity of the law for another three years to 31 June 2024.
