Year: 2026

Incorporating a Cyprus Company is an easy and fast procedure, but what about the obligations regarding tax and statutory reporting? It is very important for every company to comply with the local regulations in order to avoid penalties and investigations by the authorities causing unnecessary hustle. STATUTORY OBLIGATIONS Annual Return…

Here below we can find some points of the deductible expenses (excluded expenses) from the calculated income tax of a Cyprus company. Cyprus corporate income tax. Cyprus tax resident companies are taxed on their income arising from sources either within or outside of the country. A non-tax resident company is taxed…

A Double Tax Treaty between Cyprus and Kazakhstan has been signed and ratified by Cyprus on the 15th of May 2019. Subject to the finalisation of the various legal procedures involved, the DTT is expected to enter into effect from 1 January 2020. Dividends: The DTT provides for 5% withholding…

One of the main objectives of the economic policy of the Republic of Cyprus is to further encourage foreign direct investment and to attract high net worth individuals to settle and conduct their business in Cyprus. Key factors that make Cyprus an attractive destination for investment, is the highly specialized…

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut Introduction The Cyprus Ministry of Finance has presented a draft bill implementing the EU Anti-Tax Avoidance Directive (ATAD) which aims to combat corporate tax avoidance and create a level playing field for businesses operating within the EU. The draft legislation contains…

As from the 1st of January 2019 the Social Insurance fund contributions have been increased and as from the 1st of March 2019 a new contribution will be introduced for GESY – National Health System.