articles | 08 January 2021 | EY Cyprus

EY presents Cyprus Tax Facts 2021 guide

EY Cyprus is pleased to share the latest Cyprus Tax Facts guide – in English – which provides a straight-forward, holistic summary of the Cyprus tax system, based on current legislation and tax practices, in relation to the fiscal year 2021.

  • A comprehensive easy-to-use guide aiming to help you stay informed on local tax issues and legislation changes 

This publication includes a brief overview of the tax laws effective as of January 2021, including all recent key changes to the tax code. It contains facts and figures concerning the various taxes for individual and corporate legal entities, VAT related matters as well as other tax related matters including such as intercompany transactions (transfer pricing), controlled foreign companies and the withholding tax rates in accordance with the relevant double tax treaties. The guide does not reflect all COVID-19 policy measures. For the latest developments, please subscribe to our EY Cyprus Tax Alerts here.

The electronic version of the Cyprus Tax Facts 2020 is also available on EY’s website. The Greek version will be published on the website in the coming weeks.

The Tax Facts are intended to serve as a practical source of information and do not replace specific professional advice. Our team of experts within EY Cyprus remains at your disposal to provide you with professional, personalized advice based on our extensive experience and industry knowledge.

On the occasion of the release of the Tax Facts guide, Philippos Raptopoulos, Partner and Head of Tax and Legal Services, says: “We are experiencing unprecedented times. Governments worldwide are reforming their tax codes at a record pace, and the landscape is shifting day to day, especially the need for contemplating new markets. To support your success, we have put together this guide to keep you up-to-date and enable you to make more informed strategic decisions.”

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