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Author: admin

13 Apr

Posted at 15:46h in Tax

Reduction of defence tax on passive interest income The Cyprus Parliament approved on 6 December 2023 an amendment to theSpecial Defence Contribution Law, through which the special contribution fordefence rate on passive interest income earned by Cypriot tax residents(individuals and companies) is reduced from 30% to...

13 Apr

Posted at 08:21h in Tax

Cyprus tax resident companies must declare at least 70% of their 2021 accounting profits by 31 December 2023 and pay the resulting Special Contribution for Defence of 17% and National Health Contribution of 2,65% by 31 January 2024. The above is provided in the Special...