ARTICLES
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 contribution and GESY withheld during the first and second six months in one payment instead of the previous monthly payments.
Latest news
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
Following the publication in the government gazette on 20 December 2023 and coming into force on 1 January 2024, the Special Defence Contribution rate on passive interest income earned by Cypriot tax residents, individuals and companies, is reduced from 30% to 17%…
Published: Friday 12 January, 2024
Morison Patsalides