The deadline for provisional taxpayers in Cyprus to pay the first provisional tax instalment for tax Year 2022 is 31 August 2022. Obligation to pay provisional tax The following taxpayers should consider whether they should make a provisional tax calculation and pay provisional…
The Cyprus Parliament has approved on 30 June 2022 amendments to the Income Tax Law introducing detailed rules for the Transfer Pricing legislation. Effective from 1 January 2022, incorporates the OECD’s TP Guidelines into the Cyprus legislation. TP legislation applies:…
A new Cyprus Tax Incentive scheme for foreign employees was approved on May 10th, 2022 which aims to attract foreign companies to relocate their headquarters/offices to Cyprus and also to attract high-skilled foreign employees. The new legislation in Cyprus, provides for…