On 25 March 2026, the Council of Ministers of Cyprus approved a new €100 million package to protect households, businesses, and key sectors from the economic fallout of the war
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On March 24, 2025, the tax department introduced Circular 2/2025, providing the option to submit Form T.D. 1220 until December 31, 2025. This form facilitates the election for non-taxation for
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The Tax Department is set to fine homeowners who benefited from reduced VAT rates at the time of the purchase of their property while renting out their property through Airbnb
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The House of Representatives of Cyprus is set to vote today, 02 June 2023 on a bill for amendments to the reduced VAT regime on the purchase and construction of
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On May 2, 2023, the Cyprus Council of Ministers (Cabinet) approved a Decree to amend the VAT legislation to apply zero (0%) per cent VAT rate on certain consumer goods
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In connection to our article “Cyprus Changing its Regime on Reduced VAT for First Homes: an Update” published on 28 March 2023, regarding the reduced VAT regime legislation changes, the
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The newly formed Cyprus Government and the House of Representatives reached an informal agreement to resolve the issue of the imposition of a reduced VAT rate of 5% for the
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On 17 January 2023, the Tax Department of Cyprus announced the replacement of the TAXISnet platform and other smaller tax platforms with the new unified tax management system “Tax For
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On 9 February 2022, the Tax Department of Ministry of Finance of Republic of Cyprus announced that, it is possible for Taxpayers to pay the VAT due for the period
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As part of the Cypriot Government measures to reduce the impact of the COVID 19, in accordance with Law 147 (I) / 2020, tax payers were originally given the right
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