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Frequently Asked Questions on the Transfer Pricing Documentation Rules published
On 10 February 2023, the Cyprus Tax Department (CTD) added a new section to its website titled "Frequently Asked Questions" (FAQs)...
Flexi Group
Feb 14, 20233 min read
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Reminder for 2nd Provisional Tax Instalment for Tax Year 2022
We would like to remind you that the payment deadline for the 2nd provisional tax instalment for tax year 2022 is the 31st of December...
Flexi Group
Dec 12, 20222 min read
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Amendments to the VAT Law's 8th Schedule
We would like to let you know that on November 11, 2022, a Decree (K.Δ.Π. 423/2022) revising the VAT law's 8th Schedule with regard to...
Flexi Group
Nov 22, 20221 min read
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Reverse charge for unprocessed and semi-processed precious metals
A Decree (No. 152(I)/2022) was published in the Official Gazette on October 7, 2022. According to the Decree, the buyers of specific...
Flexi Group
Oct 27, 20221 min read
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Temporary tax on newly established companies for the tax year 2022
In continuation to our tax alert from June 2022 regarding the 2022 temporary tax payments and as per the recent communication between the...
Flexi Group
Oct 5, 20221 min read
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Reminder of the CbC Reporting obligations' deadlines
We would like to remind you that the following Cyprus Country-by-Country ("CbC") Reporting responsibilities have a submission date of...
Flexi Group
Sep 22, 20222 min read
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CYPRUS: New tax exemptions in an effort to attract foreign talent
A law amending the income tax exemptions for employment income specified in Articles 8(21) and 8(23) of the Income Tax Law was published...
Flexi Group
Aug 9, 20224 min read
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Increased Tax Deduction for R&D expenses
An improved tax deduction for Research & Development (R&D) expenses was added to Article 9(1)(d) of the Cyprus Income Tax law in an...
Flexi Group
Aug 9, 20222 min read
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Amendments to the obligations of companies and individuals
The House of Representatives passed significant amendments into law in June 2022 to relieve some of the obligations placed on Cyprus...
Flexi Group
Jul 11, 20222 min read
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