Cyprus extends deadline for 2025 individual tax filing period
The Cyprus Tax Department announced on 18 June 2026 that it has activated the TAXISnet System for 2025 Individual Income Tax Return submissions at https://taxisnet.mof.gov.cy. Under Council of Ministers Decree K.D.P. 52/2025, employees,
See MoreCyprus extends 2025 personal income tax filing deadline
Cyprus has pushed back the filing deadline for 2025 individual income tax returns to 31 October 2026, giving taxpayers extended time to prepare and submit their annual declarations without triggering penalties. The Council of Ministers issued the
See MoreCyprus clarifies Pillar Two filing requirements for multinational groups
The Cyprus Department of Taxation has issued guidance on implementation deadlines for Law 151(I)/2024 on 15 June 2026, which enforces the OECD's global minimum taxation framework across Cyprus. The directive addresses Cypriot constituent entities
See MoreCyprus confirms Pillar Two compliance, enables centralised EU top-up tax return filing
In an announcement on 15 June 2026, Cyprus has confirmed its compliance with the EU's global minimum taxation rules under Law 151(I)/2024, following European Commission guidance issued on 29 May 2026 The Cyprus Tax Department has verified that
See More
Hong Kong, Cyprus sign double taxation agreement
Hong Kong’s Secretary for Financial Services and the Treasury, Mr Christopher Hui, had a bilateral meeting with the Ambassador of the Republic of Cyprus to China, Ms Koula Sophianou, in Hong Kong on 12 June 2026 and signed on behalf of the Hong
See MoreCyprus, Kyrgyzstan sign income tax treaty
The Cyprus Ministry of Finance announced that Cyprus and Kyrgyzstan signed an income tax treaty on 8 June 2026. The agreement is expected to strengthen economic, trade and investment relations between the two countries by enhancing the tax
See More
Barbados, Cyprus, the Czech Republic, and Romania join multilateral competent authority agreement on the exchange of GloBE information (GIR MCAA)
The OECD announced that the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) was signed by Barbados and Cyprus on 12 May 2026, by the Czech Republic on 11 May 2026, and by Romania on 9 April 2026. A key
See More
European Commission confirms Cyprus meets Pillar Two income inclusion rule standard, new FAQ available
The European Commission published a new frequently asked question (‘FAQ’) on 28 May 2026, which affirms that all EU Member States must treat Cyprus as having a qualified income inclusion rule under the EU Pillar Two Directive. The income
See MoreCyprus, Vietnam first income tax treaty enters into force
The income tax treaty between Cyprus and Vietnam will enter into force on 1 June 2026. Signed on 15 December 2025, it is the first such treaty between the two countries. The Agreement is intended to enhance and expand trade and economic
See More
Cyprus extends deadline for reduced VAT housing applications amid planning delays
The Tax Department of the Republic of Cyprus has announced, on 4 May 2026, that the Tax Commissioner will continue examining applications for the reduced VAT rate on residential property under Article 63 until 31 December 2026, where delays by
See MoreCyprus grants VAT and VIES filing extension amid TFA platform shutdown
The Cyprus Tax Department has announced a temporary shutdown of its Tax For All (TFA) online platform for scheduled maintenance on 5 May 2026. The system will be inaccessible from 1:00 PM on Thursday, 7 May 2026, until 7:30 AM on Tuesday, 12 May
See MoreCyprus: Council of Ministers approves signing of amending protocol to tax treaty with Sweden
The Council of Ministers of Cyprus approved, on 24 April 2026, the signing of a protocol to amend the existing income tax treaty with Sweden. The decision, published in the Official Gazette on the same date, authorises amendments to the 1988
See MoreCyprus tax authority publishes low-tax jurisdiction list for defensive tax measures
Cyprus Tax Department issued Circular 1/2026 on 9 April 2026, which formally establishes the list of jurisdictions classified as low-tax jurisdictions for the 2026 tax year. This circular is a critical component of Cyprus's implementation of
See MoreCyprus extends 2025 PAYE annual tax return deadline
9The Cyprus Tax Department has announced, on 9 April 2026, an extension for employers submitting their annual Pay As You Earn (PAYE) income tax withholding returns for the 2025 tax year. The revised deadline is now 30 September 2026. Employers
See MoreCyprus enacts DAC8 amendments with lawyer privilege, client notification rule clarifications
The Cyprus Tax Department has announced that the Administrative Cooperation in the Field of Taxation (Amending) Law of 2026 (Law No. 38(I)/2026) entered into force on 1 January 2026, following its publication in the Official Gazette on 27 March
See MoreCyprus introduces temporary zero VAT on meat, fish
The Cyprus Ministry of Finance has announced on 31 March 2026 a temporary tax relief measure that will eliminate VAT on fresh meat and fish products for six months, effective 6 April 2026 through 30 September 2026. The tax exemption applies to
See More
Cyprus: DAC 8 crypto reporting rules enters into force
The Cyprus Tax Department announced on 2 April 2026 that the Administrative Cooperation in Taxation Law (Amendment) of 2026 (DAC8) officially entered into force on 1 January 2026, introducing new reporting obligations for cryptocurrency service
See MoreCyprus: Tax Department extends deadline for 2023 corporate tax returns
The Cyprus Tax Department announced on 26 March 2026 an extension for submitting corporate tax returns for the 2023 fiscal year, providing additional time for taxpayers with audited accounts. According to Administrative Directive K.D.P.358/2025,
See More