Updates to Transfer Pricing Rules in Cyprus Important amendments have been introduced to Cyprus tax legislation regarding Transfer Pricing (TP). The changes were made to the Income Tax Law No. 118(I)/2002, Article 33, and affect documentation and reporting obligations for controlled transactions. New thresholds for Local File preparation The obligation to prepare detailed transfer pricing […]

Cyprus tax rules are undergoing significant changes. Below is an overview of who is required to file a tax return, depending on the relevant tax year. Tax Year 2025 Under the current legislation and the Decree of the Council of Ministers, individuals are required to file a tax return if their gross income exceeds €19,500. […]

Cyprus Abolishes Stamp Duty as of 1 January 2026 The Cyprus Tax Department has officially announced that stamp duty will be fully abolished as of 1 January 2026. With the entry into force of the new legislation, the stamp duty regime will be completely repealed. This reform represents a significant step toward simplifying administrative procedures […]

Comparison with the tax systems of France and Germany In recent years, tax pressure in several key European Union countries, including France and Germany, has steadily increased. This applies not only to personal income tax rates, but also to the taxation of capital, investments, and inheritance. As a result, high-net-worth individuals and entrepreneurs are increasingly considering alternative […]

Cyprus Tax Residency Certificate 2025 As the end of the year approaches, banks, auditors, and tax authorities are increasingly requesting Tax Residency Certificates — documents confirming the country where you are subject to taxation. This certificate is required for: passing KYC verification with banks; renewing professional services with auditors and consultants; applying double tax treaty […]

Dear Clients, We remind you that, in accordance with the applicable legislation, all companies incorporated or registered under the Companies Law, Cap. 113, all European Public Limited Companies (SEs), as well as all Partnerships, are required, during the period from 1 October 2025 to 31 December 2025, to access the Beneficial Ownership Register (BOR) system […]

The European Commission has published Delegated Regulation (EU) 2025/1184, updating the list of high-risk third countries under the EU’s Anti-Money Laundering (AML) framework. These changes align with the latest assessments by the Financial Action Task Force (FATF). Added to the list (new high-risk jurisdictions): Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal, Venezuela […]

Starting from 2025, Cyprus will introduce a new requirement: in order to submit both the monthly and the annual Withholding Tax and Contribution Declaration (form TF 7-PAYE), all employees must have a registered Tax Identification Number (TIN/AFT), regardless of their income level. How to obtain a TIN? Applications for a Tax Identification Number can only […]

If your business creates or owns intellectual property, you can legally reduce your tax rate to as low as 2.5% using Cyprus’ IP Box regime. In this video, we explain how the IP Box works in Cyprus in 2025, who can benefit from it, and the most common mistakes entrepreneurs make. Watch the video here: […]