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 […]

We remind you that Cyprus companies are required to submit a temporary tax declaration and pay the first instalment of corporate income tax for the 2025 tax year no later than 31 July 2025. What needs to be done: Estimate the company’s taxable profit for the full year 2025; Submit the Temporary Tax Declaration (Interim […]

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: […]

The deadline for submitting tax returns for individuals for the 2024 tax year has been extended until 30 September 2025 (23:59). This decision allows taxpayers extra time to meet their obligations without the risk of penalties. Official source: Cyprus Tax Department — mof.gov.cy

Tax Ruling in Cyprus: What It Is and How to Obtain One A tax ruling in Cyprus is an official written clarification issued by the Cyprus Tax Department, confirming how tax legislation applies to a specific transaction or set of circumstances. It offers legal certainty and is particularly useful for companies engaged in cross-border transactions, […]