Jan 21, 2026 | News
The Republic of Cyprus has voted a tax reform, effective as of January 1st, 2026. Regarding the Income Tax Law, the amendments inserted by the new tax reform are the following: Corporate taxation of companies is increased from 12,5% to 15%. Withholding tax on...
Jul 10, 2025 | News
July 10th, 2025, Following the conclusion that the proposed Unshell Directive to combat tax avoidance could lead to overlaps with the execution of the DAC6 EU Directive requiring the disclosure of cross-border transactions, the EU Council has decided to stop the...
May 7, 2025 | News
May 7th, 2025, Cyprus House of Representatives has introduced defensive measures against ‘blacklisted’ (BLJ) and low-tax jurisdictions (LTJ). The new legal measures are as follows: Dividend payments to associated companies in LTJ will incur a 17%...
Feb 27, 2025 | News
The Economics Research Centre of the University of Cyprus has provided its tax reform proposal that is to go through the Ministry of Finance and the Council of Ministers before it undergoes the vote of the House of Representatives and take effect as of 2026. The newly...
Jan 7, 2025 | News
January 7th, 2025, The Republic of Cyprus has transposed into national law the Pillar Two Directive, namely EU Directive 2022/2523 of December 14th, 2022, according to which a 15% minimum effective tax rate is imposed on multinational enterprises (ΜΝΕ) groups and...
Dec 21, 2024 | News
December 21st, 2024, To reduce packaging waste, the Council of the EU formally adopted the Packaging and Packaging Waste Regulation (PPWR), which relates to all forms of packaging and/or material used and whether it is produced by industry or households and is set to...
