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Posted in News, News for Cyprus
Cyprus News: Cyprus–Vietnam Tax Treaty
We wish to inform you that on 15 December 2025, the Republic of Cyprus and Vietnam signed a new Double Tax Treaty (DTT) aimed at strengthening economic cooperation and preventing double taxation. The treaty broadly follows the principles of the OECD and UN Model Conventions. 1. Permanent Establishment (PE) In addition to the standard […]
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Posted in News, News for Cyprus
Cyprus News: Cyprus Tax Reform – Comprehensive update effective from 1 January 2026
Executive summary This briefing consolidates and restates the key measures of Cyprus’ tax reform taking effect as of 1 January 2026. It reflects the final provisions across personal income tax, corporate taxation, Special Defence Contribution (SDC), capital gains, stamp duties, and tax administration & compliance. Personal income tax Tax-free threshold increased from €19,500 to €22,000. […]
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Posted in News, News for Cyprus, News for Greece
European Newsletter – Step in Tax No 1/2026
𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐓𝐚𝐱 𝐧𝐞𝐯𝐞𝐫 𝐭𝐚𝐤𝐞𝐬 𝐚 𝐛𝐫𝐞𝐚𝐤. The second issue of 𝑺𝒕𝒆𝒑 𝒊𝒏 𝑻𝒂𝒙 is now live: Andersen 𝐧𝐞𝐰𝐬𝐥𝐞𝐭𝐭𝐞𝐫 𝐨𝐧 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐓𝐚𝐱 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞, designed for managers, CFOs, SMEs and multinational groups operating in cross-border environments.
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Posted in News, News for Cyprus
Cyprus News: Deadlines extended for Employer’s Tax Declaration
The Tax Department has announced the following relating to the submission of the Employer’s Tax Declaration(s): A further extension has been provided for the electronic submission of the Annual Withholding Taxes & Contributions of Employers Returns (Form T.D.7) for the tax year 2024. The submission deadline for the 2024 annual Form T.D.7 has been […]
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Posted in News, News for Cyprus
Cyprus News: Social Insurance Contributions for the year 2026
The applicable rates for different funds contributions for the year 2026 are listed below: Contributions Employee Employer Self-Employed Social Insurance Contributions 8,8% 8,8% 16,6% Social Cohesion Fund 2,0% Redundancy Fund 1,2% Industrial Training Fund 0,5% Holiday Fund (if not exempt) 8,0% Note 1: The Social cohesion fund is calculated on total emoluments and has […]
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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, News for Greece
European Employment Insights: Newsletter December 2025
This month, we feature two spotlights. Nick Tsilimidos (Andersen in Cyprus) discusses the most significant legal and tax developments shaping the Cypriot employment market in 2025, including parallel employment recognition, extended maternity leave, new employer notification obligations, and tax incentives for highly…
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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 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 […]
