Tax insights

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. 

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
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
DIRECT SALE OF REAL ESTATE Resident individual Capital gains

Holding Cypriot Real Estate

14 March 2022
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
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.

60-days rule | Tax Residency in Cyprus

21 February 2022
Tax residency in Cyprus is based on the 60-days rule of permanent residence in Cyprus, as is clarified by the Cyprus Tax Department.

Personal tax return exemption

21 February 2022
What is the amount of gross income of a physical person exempted from submitting a tax return for the year 2021? 

Cyprus Tax Facts 2022

17 January 2022
The Cyprus Tax Facts guide contains the most important information pertaining to legal entities and individuals collected from our professionals. 

10% Additional tax on supplementary income

9 November 2021
Επιπρόσθετος φόρος 10% σε μισθωτούς με άλλα εισοδήματα (πέραν απο μισθωτές αποδοχές), βάσει των άρθρων 24 και 26 του περί Βεβαιώσεως και Εισπράξεως Φόρων Νόμου.  

New Date – Corporate and Personal Income tax Return

27 September 2021
Extension of electronic submission deadlines of 2019 Corporate Income Tax Return (TD 4) and 2019 Personal Income Tax Return

Tax updates

5 August 2021
Tax updates and clarifications applicable for the tax treatment grants for COVID19 and extension for self-assessments payment deadline for the tax year 2020.

New date for the Submission of Personal Income Tax Returns

29 July 2021
It is announced that based on a Decree to be issued by the Minister of Finance, the deadline for submitting the Personal Income Tax Return for 2020 will be extended.

Pages

How can we help you?

Contact us by phone

(+357) 25 204000

(+357) 26 811256

(+357) 22 730416 or submit your questions, comments, or proposal requests.

Email us