The Tax Department has announced that the Income Tax Return for Individuals (T.D.1 Employee / Self Employed) for the tax year 2023 is available for submission via the TAXISnet system. It is noted that physical persons (Employees, Pensioners and Self-employed) are required…

Euroaudit wishes to notify our clients and associates that as of January 1st, 2024, there will be amendments to the social insurance fund contributions in accordance with Social Insurance Law 59(I) of 2010. As per the Social Insurance Law of…

On 30 June 2022, the Cyprus Parliament passed a law introducing detailed transfer pricing (TP) legislation, by amending the current Cyprus Income Tax & Assessment and Collection laws. The Organisation for Economic Co-operation and Development (OECD) on Transfer Pricing Guidelines…

The provisions of the Special Contribution for the Defence Law relating to withholding obligations on rental payments have been amended. Based on the specific amendments, as of 9 June 2023 every person who has the obligation to withhold special contribution…

 Amending law on Article 8(23A) On 30 June 2023, an amending law with regards to Article 8(23A) of the Cyprus income tax legislation was published in the Official Gazette of the Republic of Cyprus. The amending legislation has a retrospective…