ARTICLES
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 contribution and GESY withheld during the first and second six months in one payment instead of the previous monthly payments.
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
A revised treaty for avoidance of double taxation between Cyprus and France was signed on 11 December 2023 replacing the previous Treaty of 1981. The main provisions of the Treaty are as follows: Dividends: 0% withholding tax if the beneficial owner of the dividend is a com...…
Published: Wednesday 21 February, 2024
Morison Patsalides