Irene Kalogerou

Following our tax alerts issued in March 2025 and January 2026, we take a deeper look at the recently enacted tax legislation as a result of the approved tax reform package. There are many areas of taxation that have been affected by the tax reform and should be carefully evaluated. Our focus is to provide […]

Extension of VAT, VIES and Special Taxi Scheme Submission and Payment Deadlines The Tax Department announced an extension for the submission and payment deadlines with respect to certain tax obligations relating to the second half of 2025. Specifically, the following deadlines have been extended until 20 January 2026: Submission of the VAT Return and payment

Following our tax alert issued in May 2025, the Cyprus House of Representatives approved the long-anticipated tax reform package on 22 December 2025, marking the first comprehensive reform of the Cyprus tax system since the country’s accession to the European Union. The majority of the amendments to the Cyprus tax legislation are effective as from

Cyprus Tightens Tax Rules on Low-Tax and Blacklisted Jurisdictions Cyprus has amended its tax legislations to tighten the rules on outbound payments to associated companies located in low-taxed jurisdictions (as well as their permanent establishments). The pre-existing withholding tax (‘WHT’) provisions, targeting EU blacklisted jurisdictions, as well as the new rules, are summarized below: Jurisdiction

The Cyprus government is poised to implement its most comprehensive tax reform since 2002, aiming to modernize the tax system while balancing economic competitiveness with social priorities. As a first step, the Cyprus government commissioned the University of Cyprus Economics Research Centre to come up with a comprehensive tax reform proposal. The key preliminary proposals