The Tax Department reminds that companies that are listed in its annex on Assessment and Collection of Taxes Laws (Details of the Obligation to Accept Payment Means by Card) Decree of 2021 (KDP 259/2021), of the obligation to accept means of payment by card upon completion of payment transactions. The refusal to accept payment by...Read More

The Registrar Annual Levy for the year 2022 of €350 needs to be paid before 30 June 2022. Penalties for late payment In the case the levy is not paid within the deadline then: If the levy is paid within 2 months after the deadline, the levy is increased by 10% (ie €385 if paid...Read More

The Cyprus Tax Department announced that the submission of the Individual Income tax return for the tax year 2021 through the Taxisnet system has been activated. Based on the Decree of the Council of Ministers (KDP 51/2022) obligation for submission of Personal Income Tax Return for the tax year 2021 have Employees, Retirees and Self-employed...Read More