Cyprus – United Kingdom double tax treaty

The new double tax treaty with the United Kingdom which had been signed on the 22nd of March 2018, has now entered into force and will come into effect on 1st January 2019. It replaces the existing treaty between Cyprus and the United Kingdom which was signed in 1974.

Special clauses have been inserted in the double tax treaty regarding the withholding tax on dividends, interest and royalties. As far as capital gains are concerned these will be affected if they have arisen as a result of the disposal of immovable property.

Latest news

Extension to the filing date of tax returns

The following deadlines have been extended by the Cyprus government for the filing of tax returns by companies and individuals: The last date for the filing of an individual's tax return (IR1) for the year 2020 and settlement of any tax due will be 30 September 2021 without the imp...…

Published: Saturday 24 April, 2021

Extension for filing of corporate tax returns

On 12 March 2021 the Tax Department issued an announcement in relation to the extension of the deadlines for the submission of the 2019 corporate income tax return and the 2019 income tax return filed by individuals preparing audited Financial Statements. The above deadlines are extended to 30 Se...…

Published: Saturday 27 March, 2021

Interest and dividends – declarations through Taxisnet

There are new declarations on Taxisnet through which Special Defence Contributions and GESY should be recorded on the payment of interest and dividends. The printed forms 61AT and 61AM are now also available in electronic form and can be submitted through the Taxisnet as follows: …

Published: Wednesday 27 January, 2021