On 31 December 2025, the Republic of Cyprus enacted the most extensive tax reform of the last two decades. The new legislation, effective mainly from 1 January 2026, introduces wide-ranging amendments affecting corporate taxation, personal income tax, withholding taxes, defence contribution, capital gains tax, transfer...
In December 2025, the House of Representatives of Cyprus approved amendments to the Income Tax Law of 2002 (Article 33) as part of a broader tax reform initiative. The amendments were published in the Official Gazette on 31 December 2025 and became effective from 1...
Reduction of defence tax on passive interest income The Cyprus Parliament approved on 6 December 2023 an amendment to theSpecial Defence Contribution Law, through which the special contribution fordefence rate on passive interest income earned by Cypriot tax residents(individuals and companies) is reduced from 30% to...
Cyprus tax resident companies must declare at least 70% of their 2021 accounting profits by 31 December 2023 and pay the resulting Special Contribution for Defence of 17% and National Health Contribution of 2,65% by 31 January 2024. The above is provided in the Special...