Cyprus’ economy is based on a free enterprise system. The Government’s role has been limited to the regulation, indicative planning, and...

Types of Cyprus Entities The principal forms and Types of Cyprus Entities and businesses are: Cyprus limited companies Branches of...

Cyprus, an island made for Business The island’s excellent infrastructure, English-based legal system, high quality of life, and low cost...

The late submission fees for the Annual Returns has been set at €150 (previous fines were set €500) following the decision of the House...

Following the migration to the «TFA» system, the Employer’s return form (TD 7) from 2024 onwards will be submitted on the «TFA» platform...

We would like to remind you that during the period from 1st of December to 31st of December of each calendar year, all legal entities...

The 2024 T.D. 59 form is now available on MINISTRY OF FINANCE - DEPARTMENT OF INTERNAL REVENUE All employers must distribute the form to...

On 6 December 2023 the Cyprus parliament voted in favour of reducing the Special Defence Contribution (‘SDC’) rate from 30% to 17% for...

The Minister of Labour and Social Insurance announced on 20 December 2023 the increase of the National Minimum Wage after a meeting of...

Companies that expect to have taxable income for the year 2023 must pay the second instalment of the temporary tax by the 31st of...

The Department of Labour Relations, Social Policy & Human Resources Development of CCCI informs you that as of 1/1/2024, both employers...

Temporary Tax 2022 Companies that expect to have taxable income for the year 2022 must pay the second instalment of the temporary tax by...

Announcement DRCIP-commencement of the implementation of the final solution of the electronic system of the Beneficial Ownership Register...

Announcement Tax Department / Levy on sales of immovable property The Tax Department has announced that they have issued tax assessments...

Increase in Social Insurance The Department of Labour Relations, Social Policy & Human Resources Development of CCCI informs you that as...

Extension to the filing date of Income Tax Return IR1 2022 The Cyprus Tax Department has announced that the submission of the 2022...