Income Tax Exemptions

As from 1 March 2020, the respective contributions will increase to 2.90% for employers, 2.65% for employees, 4% for self-employed persons and 4.70% for the state...

On 22 January 2020, the Instrument of Ratification of the Multilateral Convention to Implement Tax Treaty Related Matters to Prevent Base Erosion and Profit Shifting was published in the Official Gazette of the Republic of Cyprus...

Following the ratification of the DTT by Cyprus on 24 May 2019 and the signing of the ratification law in Kazakhstan on 30 December 2019, the treaty entered in to force on 17 January 2020 and it generally applies as from 1 January 2021.

Social Insurance contributions for 2020 will remain the same as in 2019 whereas contributions to the General Healthcare System (GHS) will be increased as from 1 March 2020.

Social Insurance contributions for 2020 will remain the same as in 2019 whereas contributions to the General Healthcare System (GHS) will be increased as from 1 March 2020.

With a decree issued on 20 December 2019, the Minister of Finance of the Republic of Cyprus has set the public interest rate for 2020 at 1.75%...

On 16 December 2019, the European Commission approved the extension of the Tonnage Tax system applicable to the shipping industry in Cyprus for 10 years...

On 16 December 2019, the European Commission approved the extension of the Tonnage Tax system applicable to the shipping industry in Cyprus for 10 years...

The Cyprus Tax Department recently issued a Circular announcing the release of a confirmation which should be used whenever dividends are paid from a Cyprus company to Greek tax residents. ..

During an event organised by the Cyprus Fiduciary Association in the evening of 4 December 2019, George Savvides - Seamark Manging Director...

On 30 October 2019 the Parliament of Ukraine approved the ratification of the protocol amending the Double Tax Treaty between Cyprus and Ukraine...