Announcements – Fincohub

January 5, 2026January 5, 2026Announcements, ΤΑΧadminNo Comments

A New Tax Era for Cyprus: Lower Burdens for Households, New Incentives for Business

Cyprus has implemented a comprehensive overhaul of its tax system. The newly approved legislation aims to enhance the country's attractiveness as an international business center while also introducing measures to reduce the tax burden on low- and middle-income households. All…

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September 30, 2025September 30, 2025AnnouncementsadminNo Comments

Extension of the Submission of Tax Returns (TD1) and payment of relevant taxes until 15/10/2025

The Tax Department announces an extension for the submission of the Individual Income Tax Return (TD1) for the tax year 2024. The new deadline for both the submission of the return and the payment of any relevant tax is now…

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August 26, 2025August 26, 2025AnnouncementsadminNo Comments

Confirmation of Ultimate Beneficial Owners’ Details in the Registry for 2025

The Department of the Registrar of Companies and Intellectual Property (DRCIP) informs that all companies incorporated or registered under the Companies Law, Cap. 113, along with all European Public Limited Companies (SE) and Cooperatives (collectively referred to as “Entities”), are…

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May 2, 2025May 2, 2025AnnouncementsadminNo Comments

The Tax Department informs that the submission of the Individual Income Tax Return for the Tax Year 2024 has begun through the TAXISnet system.

According to a decree of the Council of Ministers (KDP 384/2024), the obligation to submit an Individual Income Tax Return for the Tax Year 2024 applies to employees, pensioners, and self-employed individuals whose gross income for the year 2024 exceeds…

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February 17, 2025February 17, 2025AnnouncementsadminNo Comments

Employer’s Obligation to Submit Essential Employment Terms

We would like to bring to the attention of all employers the important deadline approaching for the submission of essential employment terms, as required by the Minister of Labor’s Decree (ΚΔΠ 455/2024 – available in Greek). These details must be…

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February 14, 2025February 14, 2025Announcements, ΤΑΧadminNo Comments

Reminder for Ultimate Beneficial Owners (UBO) Confirmation

This is a reminder that if any initial submission, changes, or actions concerning the Register of Beneficial Owners (BO), including details of Beneficial Owners, senior management officials, or due diligence for the company or any other legal entity, were carried…

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January 23, 2025January 23, 2025Announcements, ΤΑΧadminNo Comments

Submission of the Employer’s Return (TD7)

The Tax Department announces that, in the first half of 2025, the submission of the Employer's Return (TD7) and the relevant tax payment will be conducted through the TFA system. Learn More

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January 23, 2025December 23, 2025Announcements, SALARYadminNo Comments

Notification to employers regarding the salary cap

It is hereby notified that the maximum insurable earnings of employees for the purposes of calculating the amount of contribution to the Social Insurance Funds, Annual Leave with Pay, Surplus Personnel and Human Resource Development Fee, based on Regulation 8(1)…

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January 22, 2025January 23, 2025Announcements, VATadminNo Comments

Imposition of a Zero VAT Rate on Basic Goods from November 4, 2024, to December 31, 2025

The Tax Department announces that on October 29, 2024, the Council of Ministers approved a 0% VAT rate for specific essential goods from November 4, 2024, to December 31, 2025. These items include: Baby milk (liquid and powder) Baby and…

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