ARTICLES
On 26 of May 2022, the House of Representatives passed amendments to the Special Defence Contribution Law, the changes of which are as follows: -
The reduced rate of three percent (3%) will apply to both legal entities and individuals, in cases where the interest is received or credited from savings certificates and development bonds of the Republic of Cyprus or any other State, corporate bonds listed on a recognized Stock Exchange, and bonds that are listed on a recognized Stock Exchange and were issued by a Governmental Authority or Organization, as well as to interest that is received or credited by a Pension fund, a Governmental Authority or Organization, a Provident fund or the Social Insurance Fund.
Latest news
Changes in the withholding payment of Special Defense and GESY contributions on payable rents of legal entities. The Cyprus tax authorities inform that a legal entity which pays rent to an individual to 30 of June and to 31 of December of a given year, is now liable to pay the special contributio...…
Published: Wednesday 28 February, 2024
A revised treaty for avoidance of double taxation between Cyprus and France was signed on 11 December 2023 replacing the previous Treaty of 1981. The main provisions of the Treaty are as follows: Dividends: 0% withholding tax if the beneficial owner of the dividend is a com...…
Published: Wednesday 21 February, 2024
The double tax treaty between Cyprus and Croatia was signed on 17 October 2023 and ratified on 27 October 2023. Following the ratification by Cyprus, the treaty will be in effect in the year following the year in which the ratification process in the Republic of Croatia is also completed. It will...…
Published: Tuesday 23 January, 2024
Morison Patsalides