The Cyprus Government has announced a comprehensive tax reform package, introducing significant amendments to the Income Tax Law, the Special Defence Contribution (SDC) Law, and the Tax Administration framework. The reforms aim to modernise the...

💡The Notional Interest Deduction (NID) in Cyprus Many business owners are not aware that Cyprus allows a deduction on equity, not just on loans.This incentive, found in Article 9B of the Income Tax Law (L.118(I)/2002), aims to remove the...

In the dynamic landscape of Cyprus’s economy, accounting services are undergoing a profound transformation. As a hub for international business, thanks to its favorable tax regime and strategic location in the EU, Cyprus is embracing...

In recent years, Cyprus has introduced a series of forward-looking tax incentives aimed at attracting and retaining high-caliber professionals and innovative businesses. Among the most significant are the revised Articles 8(23A) and 8(21A) of...

For companies operating in Cyprus, 31st July is not just another date. It marks the first deadline for paying provisional tax for the current tax year. If you are unsure how the system works, what is required of you or what happens if you get...

Running a business in Cyprus can be highly rewarding. Competitive tax rates, access to the EU market and a supportive environment for entrepreneurs. But amidst all the planning and operations, many business owners and management overlook one...