Tax Flash – Notional Interest Deduction Rates 2026
Notional Interest Deduction Rates 2026
Tax Flash | Increased Penalties for Late Filing of Corporate Income Tax Return
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…
Amendments to the Income Tax law and Special Defence Contribution law
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…
Launch of the European Union (EU) Blue Card Residence Scheme
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
Extension to the submission of the Income Tax Return for 2023
Extension-to-the-submission-of-the-Income-Tax-Return-for-2023
Baker Tilly Digital Day 2023
On October 3rd, 2023, we were honoured to host our inaugural Baker Tilly Digital Day 2023, at the Athens Marriott hotel. The event gathered industry leaders, forward-thinking stakeholders, and tech enthusiasts and explored the transformative power of technology in shaping our world. The day was filled with captivating presentations, insightful discussions, and expert-led panel talks covering AI…
Deemed Dividend Distribution for the tax year 2023
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,…