Tag: mandatory payments

Cyprus tax-resident companies should apply the provisions on the presumed distribution of dividends (DDR) within the scope of the law on the Special Contribution for Defense by 31 December 2028. If a company does not transfer the required portion of its after-tax profits within the prescribed time period, that company will have to treat the […]

On 15 December 2025, Cyprus and Vietnam sealed a tax treaty to set out how taxes are divided between the countries and to improve the workability of both countries’ tax systems. In line with the OECD and UN Conventions, such a treaty incorporates, among other articles, the concept of permanent establishment of the company, withholding […]

The Cyprus Tax Authorities (CTA) shared significant developments regarding the filing of the Monthly and Annual Employer’s Declarations for Withheld Taxes and Contributions (TD7). The announcement clarifies which employers are required to file these declarations, outlines the submission method, and sets out revised deadlines for monthly and annual submissions. Employers should pay close attention to […]

Cyprus has launched a new personal income tax benefit within the framework of the “Minds in Cyprus” Brain Gain Initiative aimed at attracting back highly qualified professionals, employees working abroad, and Cyprus nationals who have established their careers outside the Island. Announced in the Official Gazette on 6 March 2026, the new benefit is part […]

The Cyprus Tax Department has officially notified taxpayers by opening the 2025 Personal Income Tax Return filing season. Those citizens whose incomes exceed the relevant threshold should check whether all their taxes have been paid on time to avoid penalties and interest. The filing process is carried out electronically through the TAXISnet platform, and taxpayers […]

The Cyprus Tax Department has made known that the period during which eligible individuals can utilize the simplified VAT regime for acquiring or constructing a principal, permanent residence is being prolonged. This action gives a reprieve for those people who have delays in planning and construction authorization processes. Therefore, these people are being protected against […]

Cyprus is once again making progress in the provision of digital public services, having recently created a new online platform for the renewal of residence permits A Milestone in the Digital Transformation of Cyprus’s Migration Services The country has come up with a new digital service that aims to make the process of extending a […]

Taxpayers are required to present the 1st Provisional Tax payment of the 2026 tax year prior to a target date of 31 July 2026. It is recommended for taxpayers to gauge their taxable income as precisely as possible and then pay in due time to prevent being subject to interest and penalties. Who Is Obligated […]

Cyprus continues to be a preferred location for setting up holding structures. Its legal system, aligned with common law principles, alongside membership in the European Union, offers a clear framework for managing multiple entities under one umbrella. The jurisdiction supports the efficient movement of profits, strategic oversight, and risk separation, which appeals to owners managing […]

Notional Interest Deduction in Cyprus is no longer perceived as a niche incentive for aggressive tax planning. By 2026, it has become a standard element of equity-based structuring, particularly for groups that deliberately avoid excessive leverage. The concept is straightforward: companies that finance operations through equity rather than debt are allowed a tax deduction that […]

 Happy New Year 2026!  As we welcome the new year, Hadjivangeli & Partners LLC extends our sincere gratitude to our clients, colleagues, and partners for your continued trust and collaboration. May 2026 bring you clarity, success, and confidence in every step forward. Wishing you a year of strong foundations and meaningful achievements.