Tax insights

Cyprus Tax Facts 2023

16 January 2023

Our tax professionals have researched and collected the most important information for both legal entities and individuals. Via the Cyprus Tax facts guide 2023, readers can acquire valuable insights about Cyprus's tax framework.

Exemption from the obligation of submission of personal tax return

4 October 2022

Iacovos Themistocleous

Exemption from the obligation of submission of personal tax return for the year 2022.

Cyprus introduces new rules on Transfer Pricing

15 July 2022

RSM Cyprus introduces the publication "Introduction to Transfer Pricing rules", which refers to the new rules on Transfer Pricing introduced in Cyprus that align with the requirements set out in Action 13 of the BEPS Action Plan recommended by the Organisation for Economic Cooperation and Development (OECD).

Provisional tax assessment for the tax year 2022

11 July 2022

According to the Cyprus Tax Laws' provisions, companies and self-employed must pay their tax obligations in advance under the provisional tax assessment system.

Provisional tax assessment for the tax year 2022

Income tax returns for individuals

11 April 2022

Preparation and submission of income tax returns for individuals for the tax year 2021

Tax Return extension

28 March 2022

Extension to the deadline for submitting the Tax Return of Companies and Persons for 2020

Overview of Cypriot Real Estate

14 March 2022

George Themistocleous

An overview on real estate tax levies in Cyprus, offering an insight in where to invest in the specific market.

Selling and transferring Cypriot Real Estate

14 March 2022

George Themistocleous

DIRECT SALE OF REAL ESTATE Resident individual Capital gains

Holding Cypriot Real Estate

14 March 2022

George Themistocleous

DIRECT HOLDING OF REAL ESTATE This section discusses the most important tax implications of the direct holding of real estate. Firstly, it discusses the impact for resident individuals and non-resident individuals. Thereafter it discusses the impact for resident companies and non-resident companies.

Acquiring Cypriot Real Estate

14 March 2022

George Themistocleous

DIRECT PURCHASE OF REAL ESTATE This paragraph discusses the most important tax implications of the direct purchase of real estate. First, it discusses the impact for resident individuals and non-resident individuals. Thereafter it discusses the impact for resident companies and non-resident companies.