Following the passing of the relevant bills by the Plenary of the House of Representatives on December 22, 2025, we would like to inform you that the comprehensive Tax Reform has been published in the Official Gazette of the Republic. The new regulations enter into force as of January 1, 2026, unless explicitly stated otherwise. Key Developments Corporation and Income Tax Corporate Income Tax (CIT) Increased from 12,5% to 15% The period for carrying forward tax losses has bee

It is hereby announced that the Maximum Insurable Earnings of employees, for the purpose of calculating the amount of contributions to the Social Insurance Fund, are set as follows: Maximum limit for weekly-paid employees increases to €1.325 as from 5 January 2026. Maximum limit for monthly-paid employees increases to €5.742 as from 1 January 2026.

According to a decision of the Council of Ministers dated 23 December 2025, the National Minimum Wage will be increased as of 1st January 2026 as follows: Upon recruitment, the minimum wage for full-time employment increases from €900 to €979 (Gross Salary). After the completion of six (6) months of continuous employment with the same employer, the minimum wage increases from €1,000 to €1,088 (Gross Salary). It is clarified that the following categories of employees are exclu

The deadline for submitting the Employer’s Annual Tax Return for 2024  (Annual Form TD7) and the Monthly Withholding Tax and Contributions Declarations  (Monthly Form TD7) for 2025 (Monthly Form TD7), covering the period from 1 January 2025 to 30 November 2025, is 31 December 2025 , while the Monthly TD7 Return for December 2025  must be submitted by 31 January 2026 . As a reminder, all employers are now required to prepare and submit Monthly Withholding Tax and Contributions

We would like to remind you that all companies incorporated or registered under the Companies Law, Cap. 113, all European Public Limited Companies (SEs), and all Partnerships (hereinafter referred to as "Organizations"), are required to access the Beneficial Ownership Resister (BOR) system between  1st October 2025 and 31st December 2025 , in order to proceed with the confirmation of the details of their Beneficial Owners (BOs) or Senior Management Officials (SMOs) or to appl

The Tax Department informs that, as of Friday, 22 August 2025 , with the reactivation of the TFA system, the submission of the TD7 Declaration and payment of Withheld Tax & Contributions will be done exclusively through TFA. Annual TD7 Declaration (Year 2024) Submission Deadline → 31-12-2025 Not Required  the Tax Identification Number (TIN) for each employee. Monthly TD7 Declarations (Year 2025) Submission of all monthly TD7 Declarations for 2025 is mandatory , starting from

We would like to remind you that all companies incorporated or registered under the Companies Law, Cap. 113, all European Public Limited...

The Cyprus Tax Department has announced that, within the first six months of 2025, the submission of the Employer’s Tax Declarations...

Based on the new Decree published by the Minister of Labour and Social Insurance on 28 February 2025, the deadline for the Employer's...

Further to the New Decree according to which the Employer is obligated to register the Essential Terms of Employment of all their...

On 06/12/2024 the Department of the Registrar of Companies and Intellectual Property published the Prevention and Suppression of Money...

We inform you that the Minister of Labour & Social Insurance has issued a new Decree published in the Official Gazette of the Republic on...