Taxation

Specialized in comprehensive tax services in Cyprus, ensuring businesses navigate through local regulations, optimizing operations, and remaining fully tax compliant.

At PGE&Co, we offer comprehensive tax services tailored to Cyprus’ regulatory landscape, allowing you to fulfill taxation and reporting obligations seamlessly. Our expertise covers a wide spectrum of taxation areas, from corporate and personal income tax, to social security, value-added tax (VAT), capital gains tax, withholding taxes, excise taxes and customs duties as well as other local taxes.

Key Highlights:

  • Local Tax Compliance: Navigate Cyprus' tax laws effortlessly by leveraging our in-depth understanding of local and EU legislation and best practices. Utilize our expertise, ensuring mitigation of your tax exposure and avoidance of future tax surprises.
  • Holistic Tax Services: Benefit from our all-encompassing approach, addressing tax optimization planning, annual tax returns, VAT and other relevant reports, audited accounts and tax computations, arranging tax payments as well as heading negotiations with the tax authorities where necessary.
  • Strategic Tax Planning: Stay ahead in the ever-evolving regulatory environment with our tax planning services, taking advantage of our experience and knowledge in the field of taxation. We engage full utilization of the available tax incentives and regulations, minimizing your tax burden while safeguarding compliance with national and international tax developments. Enhance the tax efficiency of your local and international operations.

We stand alongside you, offering reliable Taxation Services that go beyond the expected, ensuring your business remains fully compliant and resilient in the dynamic world of taxation.

Get our PGE&Co taxation team by your side.

Related News

Tax diary

Cyprus Tax Diary 2024

05/01/2024

Important deadlines regarding submissions of tax forms and various payments such us PAYE, GHS, income and provisional tax, and more.

Increase on Social Insurance Contributions in 2024

Increase on Social Insurance Contributions in 2024

18/01/2024

Important update relevant to payroll and the contributions to be withheld.

Claim for Allowances form T.D.59 for 2024

Claim for Allowances form T.D.59 for 2024

18/01/2024

The Claim for Allowances form has been issued and released by the Tax Department.

Reduction-of-SDC

SDC on interest income reduced in Cyprus

25/01/2024

Cyprus tax residents enjoy a reduced special defence contribution rate on their passive interest income

late-payments-interest

Increase of interest rate on late payments

25/01/2024

Interest on late payments now increased therefore make sure to remain punctual on your tax payments.

Double Tax Treaty Cyprus-France

Double Tax Treaty Cyprus-France

31/01/2024

The updated DTT between Cyprus and France enhances economic collaboration between the two countries

Airbnb in Cyprus

Airbnbs in Cyprus

13/02/2024

Wondering how your Airbnb or other similar establishment is taxed in Cyprus?

TP thresholds, Tax updates, Annual levy

TP thresholds, Tax updates, Annual levy

27/02/2024

Learn more about the latest updates on the TP thresholds, other tax matters and the abolishment of the company annual levy.

Deadline for submission of Employer’s Tax Declaration

Deadline for submission of Employer’s Tax Declaration

13/06/2024

The deadline for submission of the Employer’s tax return (TD7) for the year 2023 is fast approaching. Stay up-to-date with your statutory obligation and make sure that you avoid the penalty.

Increased capital allowances on “green” investments

Increased capital allowances on “green” investments

15/05/2024

Accelerated capital allowances and other amendments to incentivize businesses towards expenditure to improve energy efficiency and cut costs.

TD1-2023

Personal tax return 2023

25/06/2024

Tax return for the year 2023 is now available for submission

Summary Information Table

Summary Information Table

13/06/2024

All taxpayers with related party transactions have to submit a Summary Information Table

Tax deductions for medical insurance

Tax deductions for medical insurance

28/06/2024

Learn more about the tax treatment and how the deductions for medical insurance schemes are increased from 2024 onwards.

Temporary tax assessment 2024

Temporary tax assessment 2024

01/07/2024

Companies and self-employed individuals with taxable income must arrange this by the end of July.

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