News

Income Tax Declaration for Summary Information Table - Deadline Extension The Tax Department announced on 25th October 2024 that, further to decision of the Council of Ministers, the extension of the Income Tax Declaration, by persons who have an obligation to submit...

Personal Income Tax Return (TD.1) for year 2023 - Deadline Extension The Tax Department of Cyprus, announced on 25th October 2024 that the deadline to submit the Individual’s Personal Income Tax Return (T.D.1) for the year 2023 is extended until 30th November 2024....

Automatic Town Planning Certificate for Low-Risk Constructions As of today, October 2, 2024, the Minister of Interior's Decree concerning the "automatic" issuance of town planning certificates for low-risk developments comes into effect. According to the relevant...

Risks associated with investing in properties in the occupied part of Cyprus The so called “Turkish Republic of Northern Cyprus” ( the “TRNC”) is a self-declared state that comprises the north-eastern portion of the island of Cyprus, following the military invasion of...

Naturalisation (Citizenship) in Cyprus: New Legislation On the 30th of November 2023, an amendment to the Civil Registry Law (the “Law”) was voted by the Parliament and came into force on 19/12/2023. The amendment of the Law includes provisions allowing highly skilled...

Tax Department Releases Updated Thresholds for Transfer Pricing Documentation The Tax Department (TD) on 1st February 2024, has issued an announcement outlining revised thresholds for the preparation of a Local File for the tax year 2022. The full newsletter is...