News

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....

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...