News & Updates

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…

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…

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…

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,…

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…

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,…

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…

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…

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…