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October 6, 2025
in Events, Industry News, Market Reports, News

Cyprus Introduces Defensive Tax Measures on Payments to Low-Tax and EU Blacklisted Jurisdictions

Cyprus has officially implemented defensive tax measures on outbound payments of dividends, interest and royalties to companies in low-tax and EU-blacklisted jurisdictions. Which jurisdictions are affected? The rules apply to: Dividends: A 17% Special Defence Contribution (SDC) applies to dividends paid by Cyprus companies to recipients in: Jurisdiction Treatment EU-blacklisted 17% withholding tax (SDC) applies […]

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February 17, 2025
in News

Extension of Deadline for 2022 TD4 and SIT Submission

On 12 February 2025, the Cyprus Tax Department issued an official announcement extending the deadline for submitting the Annual Income Tax Return (Form TD4) and the Summary Information Table (SIT) for the 2022 tax year. While the official deadline remains 28 February 2025, the Tax Commissioner has granted a grace period during which no penalties […]

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March 19, 2024
in News

NID Reference Interest Rates 2024

The Cyprus Tax Department (CTD) has released the interest yields of 10-year government bonds for various countries, as of 31 December 2023. These yields, increased by 5%, serve as the “reference rate” for granting tax allowances on new capital in accordance with Article 9B of the Income Tax Law N.118(I)/2002, as amended. To provide context, […]

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February 21, 2023
in News

Revised EU List of Non-Cooperative Jurisdictions

On February 21, 2023, the updated list of non-cooperative jurisdictions for tax purposes came into effect following its publication in the Official Journal of the European Union. This revision followed the adoption of conclusions by the Economic and Financial Affairs Council (ECOFIN) on February 14, 2023. The ECOFIN Council addressed both the EU list of […]

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July 10, 2022
in News

Introduction of New Transfer Pricing Legislation in Cyprus

On 30 June 2022, the Cyprus Parliament has voted to law the long-anticipated transfer pricing documentation requirements into law, accompanied by detailed regulations applicable from the 1 January 2022. These measures are fully aligned with the recommendations outlined in the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations. The new documentation requirements apply […]

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March 15, 2022
in News

Revised EU List of Non-Cooperative Jurisdictions

On 3 March 2022, the updated EU list of non-cooperative jurisdictions for tax purposes became effective following its publication in the Official Journal of the European Union. Key Updates: George Kaimakliotis & Co Ltd is ready to assist you in understanding the implications of these updates and how they may affect your tax planning and […]

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