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 2022. CY-Alert-Issue-6_2024-Deemed-Dividend-Distribution-for-the-tax-year-2022
On 26th of February 2025, the Economics Research Center of the University of Cyprus, presented its proposal regarding the envisaged tax reform. Explore key proposed amendments and changes in our latest tax flash. CY-Alert-Cyprus-Tax-Reform-proposed-amendments
Baker Tilly Cyprus Tax Guide 2025 At Baker Tilly Cyprus, we understand the importance of staying informed about the ever-evolving tax landscape. Our tax professionals put together a comprehensive tax guide designed to provide you with invaluable insights into the tax system in Cyprus. Tax-Guide-2025-Final-Version-03.01.2025
Tax Flash Cyprus Tax Department Extension of Deadline without Penalt
For decades, the professional services sector has been one of the defining pillars of the Cypriot economy. Legal, tax, audit, corporate administration, fiduciary and advisory services have not merely supported business activity — they have been integral to Cyprus’ international business model and its position as a regional hub for investment and cross-border structuring. Today,…
The latest CYSTAT figures show tourist arrivals for the year 2026 up to April down 27.6% compared to the same period in 2025. The regional instability in the Middle East has directly affected nearby markets especially Israel, which dropped by 74.8% while our traditionally primary market, UK, saw a decrease of 21.8%. Further to the…
Corporate Social Reporting Directive On 5 January 2023, the Corporate Sustainability Reporting Directive (CSRD) has entered into force and is expected to affect approximately 50,000 companies across the EU. Under this directive, companies need to disclose their environmental, social and governance (ESG) practices and performance. CSRD-flash-letter-eng
From Disclosure to Scrutiny: A Turning Point for the SEE Energy Sector The first cycle of Corporate Sustainability Reporting Directive (CSRD) implementation has exposed a critical reality across South-East Europe (SEE): while alignment with EU sustainability objectives is widely acknowledged, operational readiness remains uneven. For energy companies in Romania, Greece, Bulgaria, Cyprus and Moldova, the…