ARTICLES
On 26 of May 2022, the House of Representatives passed amendments to the Special Defence Contribution Law, the changes of which are as follows: -
The reduced rate of three percent (3%) will apply to both legal entities and individuals, in cases where the interest is received or credited from savings certificates and development bonds of the Republic of Cyprus or any other State, corporate bonds listed on a recognized Stock Exchange, and bonds that are listed on a recognized Stock Exchange and were issued by a Governmental Authority or Organization, as well as to interest that is received or credited by a Pension fund, a Governmental Authority or Organization, a Provident fund or the Social Insurance Fund.
Latest news
The Ministry of Finance issued an announcement in relation to the extension of the deadline for the submission of the 2023 income tax return filed by individuals not preparing audited financial statements to that of 30 November 2024.…
Published: Wednesday 30 October, 2024
The tax department announced that the deadline for the filing of the individual’s tax return and the payment of any taxes due has been extended to 31 of October 2024. Employees, pensioners, and self-employed individuals with a gross total income exceeding €19,500 in 2023 are required to f...…
Published: Monday 09 September, 2024
Changes in the withholding payment of Special Defense and GESY contributions on payable rents of legal entities. The Cyprus tax authorities inform that a legal entity which pays rent to an individual to 30 of June and to 31 of December of a given year, is now liable to pay the special contributio...…
Published: Wednesday 28 February, 2024
Morison Patsalides