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, […]

Share premium is the amount by which the issue price of a company’s shares exceeds their nominal (par) value. Under Cyprus Companies Law (Cap. 113), this excess amount is recorded in a separate account called the share premium account. Example: If the nominal value of a share is €1, and it is issued at €10, […]

Cyprus offers three main types of ship registration: Provisional Registration: Valid for 6 months, with the possibility of a one-time extension for an additional 3 months. This allows owners to complete the necessary administrative procedures before applying for permanent registration. Permanent Registration: Must be finalized within 6 months after provisional registration, or within 9 months […]

On 30 April 2025, the Tax Department of Cyprus announced that the Individual’s Personal Income Tax Return (Form T.D.1) for the tax year 2024 is now available for electronic submission via the TaxisNet online platform. This tax return applies to Employees and pensioners Self-employed individuals with a gross annual turnover exceeding €19,500 (Form T.D.1 self-employed) […]