Legal tax planning helps companies in Cyprus reduce their tax burden without violating legal requirements. For businesses, this means not looking for loopholes, but organizing the company structure, expense accounting, profit distribution, and reporting deadlines properly.
The Cyprus Tax Department has announced the start of filing for the Personal Income Tax Return for the 2025 tax year through the TAXISnet system. The filing obligation applies to employees, pensioners, and self-employed individuals whose gross income for 2025 exceeds €19,500.
From 1 July 2026, a new rule will take effect in Cyprus: rental payments above €500 per month must be made only through a bank account or another traceable electronic payment method. Cash and cheques will no longer be allowed for such rental payments, so both landlords and tenants need to change how they settle rent in advance.
Understand Cyprus individual taxes and the 2026 tax reform impacting tax obligations for individual entrepreneurs in Cyprus, with updated brackets and compliance requirements.
Double Tax Treaties (DTTs) are an essential part of Cyprus's tax system, particularly given the country's role as an international business hub. These agreements help reduce or eliminate the double taxation of the same income in cross-border transactions, making international business operations more predictable and tax-efficient.
Explore the legal requirements for foreign entrepreneurs in Cyprus including foreign investment Cyprus rules, tax residency, and corporate tax updates in Limassol.
