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Notional Interest Deduction Rates 2026

Tax Flash Cyprus Tax Department Extension of Deadline without Penalt

Further to the recent amendments to the Assessment and Collection of Taxes Law, introduced in the context of the Cyprus tax reform and effective as from 1 January 2026, revised administrative penalties will apply for the late submission of corporate income tax returns Tax Flash – Increased Penalties for Late Filing of Corporate Income Tax…

Introduction We would like to remind you of the deemed dividend distribution (DDD) provisions of the Special Contribution for the Defence Law that relate to the tax year 2023. Profits subject to deemed dividend distribution Companies are deemed to have distributed to their resident shareholders 70% of their accounting profits, after taxes and certain adjustments,…

Following recent amendments to the Aliens and Immigration Law, the Cyprus Migration Department has announced that the Blue Card scheme will officially take effect on Monday, 7 July 2025. CY-Tax-Alert-Issue-5-2025-Blue-Card-Scheme-Activated

On 10th of April 2025, the House of Representatives passed amendments to the Income Tax Law and the Special Defence Contribution Law, introducing withholding taxes on payments of royalties, dividends and interest, made to a company which is tax resident in a country included in the EU blacklist or to a company incorporated in any…