Tax Updates

Recent UK tax changes have prompted many entrepreneurs, investors, and professionals to reassess their financial and residency strategies. As regulatory frameworks evolve, individuals are increasingly exploring jurisdictions that offer clarity, stability, and competitive tax structures. Cyprus has emerged as one such destination, known for its business-friendly environment and structured residency pathways. Relocating to Cyprus is not simply a lifestyle decision. It involves legal, financial, and administrative considerations that require careful planning. This guide [...]

Major changes to the UK tax system came into effect from 6 April 2025, fundamentally altering how internationally mobile individuals and business owners are taxed. The long-standing UK non-dom regime has been abolished, replacing the domicile-based tax framework with a residence-based system. (GOV.UK) For decades, the UK was one of the most attractive jurisdictions for entrepreneurs, investors, and international families because foreign income and gains could often be taxed only when remitted to the UK. With the removal [...]

Social Insurance Contributions – Updates Effective 1 January 2026 Social Insurance Contributions – Updates Effective 1 January 2026 As part of the annual adjustments to the Cyprus social insurance framework, the maximum insurable earnings threshold has been revised upward for 2026. Revised Maximum Insurable Earnings Effective from 1 January 2026, the maximum amount subject to social insurance contributions increases to: €68,904 per annum [...]

Deemed Dividend Distribution for 2025 Deadline 31/01/2026 Deemed Dividend Distribution (DDD) – Key Obligations for 2025 Cyprus tax resident companies with accounting profits for the tax year 2023 that fall within the Deemed Dividend Distribution (DDD) provisions must ensure that at least 70% of their after-tax accounting profits are distributed by 31 December 2025. Where applicable, the related Special Contribution for Defence [...]

Extended Deadline for TD4 & TD1 (with Accounts) Submissions for 2023 and 2024 Deadlines extended to 2026 The Tax Department has officially extended key income tax filing deadlines. Businesses and individuals preparing financial statements should recalibrate their compliance timelines accordingly. New Submission Deadlines 2023 Income Tax Return (T.D.4 / T.D.1 with FS)Extended to 31 March 2026. 2024 Income Tax Return (T.D.4 / [...]

Introduction For businesses operating in Cyprus, compliance with tax regulations is a critical part of financial management and corporate governance. With ongoing changes in accounting laws, new audit updates, and evolving Cyprus financial regulations, 2025 brings a renewed focus on maintaining accuracy and transparency in reporting. The Cyprus tax compliance guide for 2025 provides a clear framework for businesses to follow. From understanding VAT obligations to preparing accurate financial statements, companies must adopt [...]

Temporary Tax 1st Instalment Deadline 31 July 2025 First Provisional Tax for 2025 The first temporary tax return for 2025 must be submitted and the corresponding tax to be paid by the 31st of July 2025. 1. Introduction to temporary tax assessments 1.1. Applicable to: Cyprus Companies with taxable income Individuals with taxable income other than salaries, pensions, dividends and interest 1.2. [...]