Tax deadlines pushed back as new online system opens

The new online tax payment system Tax For All has gone live, replacing the old Taxisnet system.

New tax payment site to go online March 27

New online tax payment system Tax For All will launch on March 27, replacing Taxisnet, the tax department said on Monday.

The Digital Nomad Visa in the Republic of Cyprus.

The introduction of the Digital Nomad Visa (DNV) in the Republic of Cyprus constitutes part of the Government’s Action Plan for Attracting Companies to Operate & Expand their Activities in Cyprus 2022-2024.

House passes bill extending cut in consumption tax on fuel

The House on Thursday passed a bill extending to the end of February 2023 the period for reduced consumption tax on fuel, in a move that will ease some of the pressure on households and businesses from the rising cost of living.

Cyprus Tax Updates: Personal Income Tax Return Exemption

The Council of Ministers of the Republic of Cyprus, through Regulatory Administrative Act RAA 373/2022, has issued a Decree relating to the exemption of certain physical persons from the obligation to submit a Tax Declaration (TD1) for the year 2022. In particular, every physical person who, during 2022, has had a gross income of not exceeding €19,500 is exempt from the obligation to submit a Personal Income Tax Return for the year 2022.

€2 billion in uncollected taxes

The Auditor General has called on tax officials to do all they can to collect overdue taxes, reaching a whopping €2 billion, following the report on the Tax Department.

Motorists get breather from soaring pump prices

Cypriot motorists have got a respite from rising pump prices, as petrol and diesel fell by 17 and 11 cents per litre, respectively, compared to a month ago, as crude oil is selling at its lowest price since the Ukraine war.

Date of tax returns extended

Cabinet on Thursday extended the deadline for tax returns by a month to facilitate taxpayers.

Pushback to VAT change on home buys

MPs are undecided on whether to pass a European Union directive reducing the size of homes entitled to lower 5% VAT or face hefty financial penalties, while the construction industry wants authorities to ignore it.

Palace meeting on energy crisis looks to longer-term solutions

Those hoping for immediate relief from the continuous surge in energy prices may be disappointed in today’s meeting on the issue, with top officials instead looking towards longer-term solutions.