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Posted in News, News for Cyprus
Cyprus News: Cyprus Tax Reform updates effective from 2026
Corporate & Business Tax Corporate Income Tax increases from 12.5% to 15%, aligning with OECD Pillar Two requirements. Loss Carry-Forward extended from 5 to 7 years. R&D Super-Deduction: 120% deduction on qualifying R&D costs extended through 2030. Entertainment Deductions increase from ~€17,086 to €30,000 per year. Flat 8% tax on gains from crypto asset disposals […]
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Posted in News, News for Cyprus
Cyprus News: Deemed Dividend Distribution – Deadline: End of 2025
Under Cyprus tax legislation, companies that are tax residents in Cyprus must ensure compliance with the deemed dividend distribution rules for the tax year 2023. The key requirements are as follows: Distribution Obligation: By 31 December 2025, a Cyprus tax resident company must distribute at least 70% of its accounting profits for 2023. Tax Withholding: […]
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Posted in News, News for Cyprus
Cyprus News: Extension Measure of Zero VAT Rate on Basic Goods
Goods Covered by the Zero VAT Rate extended from 1st January 2026 to 31st December 2026 1.Baby Products Baby milk Baby diapers Adult diapers 2.Feminine Hygiene Products Products for feminine hygienic protection 3.Fresh or Chilled Vegetables Potatoes Tomatoes Onions, shallots, garlic, leeks, and similar vegetables Cabbage, cauliflower, broccoli, curly cabbage, turnips Lettuce […]
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Posted in Administration, Team
Theoni Lalioti
E-mail: theoni.lalioti@gr.AndersenLegal.com Phone: (+30) 210 3626971 Theoni Lalioti Front Desk Assistant ANALYTICAL EXPERTISE Theoni is pursuing a degree in International and European Economic Studies at the Athens University of Economics and Business, combining her academic background with hands-on corporate experience. At Andersen, she ensures the smooth operation of daily office activities by managing communication and [...]
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Eleftheria Paleodimou
E-mail: eleftheria.paleodimou@gr.Andersen.com Phone: (+30) 2130 311137 Eleftheria Paleodimou Accounting Junior Associate ANALYTICAL EXPERTISE Eleftheria is a graduate of the Department of Accounting and Finance at the University of West Attica, with a specialization in Accounting. She has professional experience as an assistant accountant, where she was involved in bookkeeping and provided support in daily accounting [...]
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Posted in News, News for Cyprus
Cyprus news: Update on Income Tax Return Deadlines
We wish to inform you of the following updates regarding the submission of income tax returns: Tax Year 2023: The deadline for companies and individuals required to prepare financial statements has been extended from 30 November 2025 to 31 March 2026. Tax Year 2024: The deadline for companies and individuals required to prepare financial statements […]
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Posted in Administration, Team
Natalie Apostolidou
E-mail: natalie.apostolidou@cy.andersen.com Phone: +357 22 456 333 Natalie Apostolidou Administrator ANALYTICAL EXPERTISE Natalie joined our Firm during October of 2025 at the position of a senior administrator. She is responsible for coordinating the office operations and her role also encompasses corporate administrative duties. In addition to the above, Natalie assists the payroll department by preparing [...]
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Posted in News, News for Cyprus
Cyprus News: VAT Circular – Right of Entry to Various Events
Issued by the Tax Department of the Ministry of Finance of the Republic of Cyprus outlines the VAT treatment of entry rights to various events, especially when combined with restaurant or catering services.
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Posted in News, News for Cyprus
Phase–in of CSRD Reporting in Cyprus
Cyprus has officially transposed the Corporate Sustainability Reporting Directive (CSRD) into national law as of 29 July 2025, aligning with EU requirements. The implementation is structured in three waves, with staggered reporting obligations depending on company size and type.
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Posted in News, News for Cyprus, News for Greece
European Newsletter – Step in Tax
The tax landscape in Europe and worldwide is changing fast. Companies and tax managers need clear insight to make confident business decisions. That’s why our International Tax experts are launching the newsletter 𝑆𝑡𝑒𝑝 𝑖𝑛 𝑇𝑎𝑥.
