Publications


31 January • Submission of the declaration of deemed dividend distribution (Form IR623) for the year ended 31 December 2016. 31 March • Electronic submission of 2017 tax returns (Form IR4) for companies. • Electronic submission of 2017 tax return (Form IR1) for physical persons preparing audited financial statements. 30 […]

Tax diary – Cyprus 2019


31 January • Submission of the deemed dividend distribution declaration (Form IR623) for the tax year 2015. 31 March • Electronic submission of the corporation income tax return (Form IR4) for the tax year 2016. • Electronic submission of the income tax return (Form IR1) of physical persons preparing audited […]

Tax diary – Cyprus 2018


31 January • Submission of the deemed dividend distribution declaration (Form IR623) for the tax year 2014. 31 March • Electronic submission of the corporation income tax return (Form IR4) for the tax year 2015. • Electronic submission of the income tax return (Form IR1) of physical persons preparing audited […]

Tax diary – Cyprus 2017



1.Introduction On the 16th of July, 2015 the income tax legislation has been amended to introduce a Notional Interest Deduction (NID) on new capital used in the business. Under the new extremely positive law it is now possible for a company to claim a NID on the new capital introduced […]

Cyprus – Notional Interest Deduction on New Capital


As from 1 January 2012, individuals becoming tax residents and taking up employment in Cyprus are entitled to choose one of the following two exemptions: 1.Deduction 20% of income (up to a maximum of €8.550 annually), on remuneration from any office or employment exercised in

Cyprus – Employment income tax exemptions


What is the PAYE? A pay-as-you-earn tax (PAYE) is a withholding tax on income payments to employees. Amounts withheld are treated as advance payments of income tax due. They are refundable to the extent they exceed tax as determined on tax returns.

Cyprus – The pay-as-you-earn tax (PAYE)



31 January • Submission of declaration of deemed dividend distribution (Form IR623) for the year ended 31 December 2013. 31 March • Electronic submission of the 2014 corporation income tax return (Form IR4)

Tax diary – Cyprus 2016



Intellectual Property rights (IP) are like any other property right which allow creators, or owners, of patents, trademarks or copyrighted works to benefit from their own work or investment in a creation. These rights are outlined in Article 27 of the Universal Declaration of Human Rights, which provides for the […]

Cyprus & Intellectual Property Rights