Cyprus Business Now

10 January 2023

Cyprus Business Now

Consulting, assurance, and tax advisory firm EY Cyprus has released the latest edition of its Cyprus Tax Facts guide, which takes into account the most up-to-date legislative changes for 2023.

“As a result of greatly accelerating the pace of new tax legislation, there is an increased risk that taxpayers will be caught unprepared, making a current, detailed guide on Cyprus’ Tax and Legal code all the more valuable,” the company said.

“Changes in 2022 included the introduction of Cyprus’ Recovery and Resilience Plan, Transfer Pricing rules in line with the OECD, new green taxes, a 120 per cent R&D deduction for companies, updates to the 20 per cent and 50 per cent personal income tax exemptions and Double Taxation Agreements,” it added.
 
 
 
Freephone:
Head Office Protaras:
Larnaca Office:
Paphos Office: