Cyprus Tax Updates: Personal Income Tax Returns (TD1) deadline extended

Personal Income Tax returns (TD1) for the year 2021 has been extended to 23:59 hours on 31 August 2022. Employees, pensioners and self-employed individuals without financial statements, whose gross total income for the 2021 tax year exceeds €19,500 should proceed in submitting their respective Personal Income Tax returns (TD1) for the year 2021 and pay any final tax due.

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ServPRO x New York Times / Brussels Research Group on CYPRUS

ServPRO has successfully collaborated with The New York Times (TNYT) and the Brussel Research Group (BRG) in a feature exclusively dedicated to Cyprus, called Spotlight on Cyprus, which has distributed within the United States of America (USA) through TNYT. ServPRO’s Founder & CEO has been cordially invited by BRG and TNYT to an interview on Cyprus’ business ecosystem, as well as the role that ServPRO is undertaking for its overseas clients.

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Cyprus introduces Transfer Pricing Legislation

On 30 June 2022 the House of Representatives (Parliament) of the Republic of Cyprus has voted into law the transfer pricing (TP) requirements, through amendments to the Income Tax Law (L.118(I)/2002) and the Assessment and Collection of Taxes Law (L.4/1978), as amended.

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ServPRO promotes Cyprus as a Destination for Business Relocation & Investment

ServPRO has participated in CODEWAY EXPO 2022, held between 18-20 May 2022 at Fiera Roma Exhibition Centre in Rome, Italy. CODEWAY EXPO being an international event on cooperation, development and sustainability, focuses on the strengthening business opportunities.

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Cyprus Double Tax Treaty (DTT) updates: Jordan, Germany, Switzerland

Updates on the Double Tax Treaties (DTT) between Cyprus and Jordan, Germany and Switzerland, respectively.

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Corporate & Personal (with FS) Income Tax Return Deadline Extended

On 24 March 2022 the House of Representatives of the Republic of Cyprus has approved an extension to the deadline for the electronic submission of TD4 and TD1A for individuals who prepare audited financial statements for the year 2020, until 31st July 2022.

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Ukrainian companies seek to relocate their businesses and employees to Cyprus

As part of its support to Ukraine, the Government of the Republic of Cyprus has mentioned that Ukrainian nationals who wish to relocate to Cyprus, especially the ones intending to stay for work, will be issued with special permits upon their arrival to Cyprus.

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Republic of Cyprus advances AML & CTF Compliance Level, says Moneyval

Moneyval has found Cyprus to be compliant with all 40 FATF Recommendations...

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