Cyprus – A proposal was approved by the Council of Ministers for additional measures to support workers and professionals that continue to be affected by the effects of the pandemic in 2020 and 2021. Hotel employees For hotel employees whose…
The house that will be built must be used as a primary residence and be subject to a reduced VAT rate of 5%.
New support measures were announced on Wednesday 26/1/2022 by the Minister of Finance, with a budget of around three million euros. The measures concern a plan for one-time subsidy support for certain categories of companies and self-employed workers, and the…
With an extensive network of Double Tax Treaties for the Avoidance of Double Taxation with over 60 countries, Cyprus can offer a wide range of solutions for companies, corporations, and individuals. We have updated our DTT list to incorporate the…
General Healthcare System and Social Insurance contributions in Cyprus for the year 2022 will remain the same as in 2021. (Article updated 11/1/2022) Cyprus 2022 Social Insurance Contributions: Please note that the Social cohesion fund is calculated on total remunerations…
The dates listed below are Bank and Public Holidays in Cyprus. On these dates, all public services, private companies, banks, and shops are closed, although many shops and certain services remain open in some areas, busy shopping streets, and resorts….
Cyprus – The Ministry of Energy, Commerce, and Industry, through the Department of Companies Registrar, announced a new three-month extension for the payment of the annual levy of 350 euros, for all companies. The deadline for payment by registered companies…
The amendments affect Companies’ tax residency, royalties, dividends, interest, and Loan restructuring Tax reliefs.
The Minister of Labor, Welfare, and Social Insurance announced the Plan for Temporary Suspensions of businesses in the Tourism Industry for the Winter Season 2021-2022. The aim of the emergency measures is to address the seasonality and the effects of…
Temporary Tax 2021 Companies that expect to have taxable income for 2021 must pay the second instalment of the temporary tax by 31st of December 2021. The temporary tax is paid only using the JCCSMART website. The tax, is calculated…