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July 2023

Tax Newsletter 03/2023 - 18 July 2023 - Amendments of Article 8(23A) – 50% Exemption

On 30 June 2023, an amending Law of The Income Tax Law was published in the Official Gazette of the Republic of Cyprus, with respect to the 50% income tax exemption for employment income provided in Article 8(23A).

Tax Department
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Tax Newsletter 02/2023 - Amendment to the Special Defence Contribution Law

On 9 June 2023, an amending Law (L40(1)/2023) to the Special Contribution for the Defence (‘SDC’ or the ‘Law’) Law of 2002 until (No.2) of 2022 was published in the Official Gazette of the Republic of Cyprus, with respect to the payment of SDC on rents.

Tax Department
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Tax Newsletter 01/2023 – 10 July 2023 - Provisional Tax Declaration Year 2023

Our office would like to inform you that the calculation of provisional taxes for individuals and legal persons for the tax year 2023 should be prepared on or before the 31st of July 2023.

Tax Department
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