News

Recent developments suggest that Cyprus is on the verge of two major milestones: joining the Schengen Area and gaining access to the United States Visa Waiver Program (VWP). These advancements could significantly enhance international mobility for Cypriots and...

Best Practices for Non-Profit Organisations Non-Profit Organisations (NPOs) including foundations play a critical role insupporting economies and social systems worldwide. However, their global impactand accessibility have also made them targets for misuse by...

Proposed Tax Reform - Cyprus The Economics Research Centre at the University of Cyprus has presented a comprehensive taxreform proposal to the public. This proposal is the first of its kind since 2002 that engages in aseries of changes that aims the support of the...

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....