The Tax Department is proceeding rapidly with the clearing of the Tax Declarations of companies and individuals from previous years with the aim of having all the declarations cleared by the summer...
The European Commission has announced that it is closing infringement procedures against Cyprus and another two countries regarding the communication of national measures related to tax avoidance and...
03/10/2022
Approximately 275,400 individuals have submitted their tax returns for 2021, the final day of submission.Another 4,300 returns have been temporarily stored, tax Commissioner Sotiris Markides told CNA...
02/09/2022
The European Commission has sent a letter to Cypriot authorities underlying the need to rectify the situation regarding amendments to the country’s VAT legislation, Commission spokesperson Arianna...
08/08/2022
The European Commission has approved a €20 million Cypriot VAT deferral scheme to support businesses affected by the coronavirus pandemic and the restrictive measures in place to limit the spread of...
22/06/2022
The Council of Ministers has approved a bill which amends the income tax law so that the existing tax exemption for an investment in a small and medium innovation company is extended to cover...
21/06/2022
Minister of Finance Constantinos Petrides said Tuesday that the best way to address inflation is not by imposing additional taxes but investing in growth.The Minister, who was replying to questions...
20/04/2022
The European Commission has announced that it has approved an estimated two million euro Cypriot scheme to support private investments into innovative small and medium-sized enterprises (SMEs), which...
15/02/2022
Cyprus income tax revenue for tax year 2020 increased by €25,6 million euros, compared to 2019, with the total amount exceeding €642 million.Data obtained by the Cyprus News Agency show that the tax...
24/01/2022
Cyprus will proceed with a tax reform next year, including the increase of corporate income tax and the introduction of green taxation with a view to achieve its environmental targets, Finance...
10/12/2021