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News & Updates

July 10, 2024 in News and Updates

Submission of Withholding Tax & Contributions Declarations (TD 7) for Years from 2019 Onwards

The Tax Department announced that, in order to comply with tax obligations, there is an opportunity to submit Withholding Tax & Contributions Declarations (TD 7) that have not been submitted…
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July 4, 2024 in News and Updates

Submission of 2024 provisional tax declaration and payment of first installment of provisional tax

Submission of 2024 provisional tax declaration and payment of first installment of provisional tax We wish to remind you that the deadline for the first provisional tax installment, based on…
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June 13, 2024 in News and Updates

Submission of 2023 Individual Income Tax Return via TAXISnet

We would like to inform you that the submission of the 2023 Individual Income Tax Return has commenced via TAXISnet at the following address: https://taxisnet.mof.gov.cy. Individuals with a Gross Total…
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June 7, 2024 in News and Updates

Submission of Tax Withholding and Contributions Statement (IR 7) for the Year 2023 by July 31, 2024

The Tax Department announces that the Tax Withholding and Contributions Statement (IR 7) can be submitted until July 31, 2024, without the imposition of an administrative penalty. After this date,…
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March 5, 2024 in News and Updates

Change in Payment of Withholding Tax for Special Defense Contribution and GESY Contribution on Legal Entity Rents (Codes 614 and 714 respectively)

The Tax Department informs that, in accordance with the amending Law of 2023 on Special Contribution for Defense (Law 40(I)/2023), individuals who pay rents are required to pay the withholding…
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February 5, 2024 in News and Updates

Extension of Deadline for Submission of Beneficial Ownership Information and Refund of Amounts Paid

The Department of Companies and Intellectual Property, following its announcement on January 17, 2024, provides the following update:   On January 29, 2024, the amending Directive Κ.Δ.Π.34/2024 came into effect,…
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January 26, 2024 in News and Updates

Extension of submission to the Register of Beneficial Owners until March 31, 2024

The Department of the Registrar of Companies and Intellectual Property, with a view to updating the Register of Beneficial Owners on the basis of the upgraded digital platform, announces the…
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January 26, 2024 in News and Updates

Increase of social insurance fund contribution rates effective 1st January 2024

In accordance with the Cyprus Social Insurance Law of 59(I)/2010, as amended, the contribution rates to the Social Insurance Fund will increase as follows, effective 1st January 2024:   In…
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January 26, 2024 in News and Updates

Payment Deadline: 2nd Instalment of 2023 Provisional Tax

The deadline for the 2nd instalment of the 2023 provisional tax is approaching on December 31, 2023. Timely payment is crucial to avoid interest and penalties. Kindly ensure your transaction…
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