New tax on non-EU items could drastically affect Cyprus consumers
From the start of July, the European Union is introducing a €3 duty on non-EU goods worth up to €150. This affects, among others, major retailers such as the fashion chain Shein ...
Audit office warns weak VAT checks put millions in public revenue at risk
Serious weaknesses in the way the tax department carries out value added tax audits have exposed the state to potential revenue losses, with years-long delays, inadequate investigations and millions of ...
Filing of tax returns begins
The filing of tax returns for 2025 began on Thursday, and will run until October 31.
In a statement, the tax department said all employees, pensioners and self-employed persons – and whose gross ...
The cash you may no longer use
From next month, a category of ordinary, lawful payment between two consenting adults becomes illegal to settle in cash in Cyprus. That category is rent. The change is arriving with ...
Last year’s tax returns shift to TAXISnet as TFA rollout pushed to 2027
Taxpayers in Cyprus will submit their 2025 income tax returns through the existing TAXISnet system following a decision by the Tax Department in April to delay full implementation of the Tax ...
Cyprus’ new personal taxation regime
The Cypriot tax landscape has undergone a significant recalibration following the entry into force of a broad package of fiscal reforms, effective as from the January 1, 2026. Although a considerable part ...
Temporary suspension of Tax For All website
The Tax For All (TFA) website will be temporarily suspended on May 7 and May 12 due to planned maintenance work, the tax department said on Monday.
On Thursday the system will ...
Audit office questions cut-price property sale by ‘well-known businessman’
The audit office on Tuesday released a report questioning the validity of the sale of property by an unnamed “well-known businessman” for €8.5 million less than the property’s originally agreed ...
MPs clash over content and timing of sweeping tax reform
Strong disagreements with aspects of the government’s proposed tax reform came to the fore on Monday, as parliamentarians were again urged to vote through the legislation by year’s ...
Britons in Cyprus and inheritance tax
Thousands of Britons have settled in Cyprus, drawn by the sun, the quality of life, and a familiar legal system. Yet behind the idyllic lifestyle lies a complex web of ...
Christodoulides renews call for MPs to pass tax reforms ‘as soon as possible’
President Nikos Christodoulides on Sunday renewed his call for members of parliament to pass into law his proposed reforms of Cyprus’ tax regime “as soon as possible” with a view ...
Maintenance work on the Tax For All online system
The tax department on Friday announced planned maintenance work on the Tax For All online system, which may cause temporary service interruptions on specific dates and times.
According to the ...
Taxpayers given new extension for tax forms
Taxpayers have been given a further fortnight to fill in their tax forms, with the deadline for 2024 now being October 15, senior tax officer Irene Ioannou said on Tuesday.
The decision ...
Tax revenues surge but arrears remain high
Overall tax revenues have risen considerably over the last few years, although tax arrears continue to be high, MPs heard on Thursday.
The House audit committee was discussing the auditor-general’...
Tax reform ‘headed in right direction’
The Federation of Employers and Industrialists (OEV) on Monday spoke of a “convergence” with tax authorities on the planned tax reform, adding that the blueprint as a whole “is headed ...
Tax For All now accessible via CY Login
Access to the Tax For All (TFA) system will be possible via CY Login service (formerly Ariadne), as of Friday, 22/08/2025, the tax department said on Wednesday.
Users who already have ...
Nicosia residents to pay new rainwater tax
Residents of the Nicosia district are to pay a new rainwater tax, district governor Constantinos Yiorkadjis said on Wednesday, describing the tax as “necessary”.
Speaking to the Cyprus News Agency, ...
Government to tax early retirement payouts in major reform push
Payoffs for employees taking early or voluntary retirement will be subject to income tax under a sweeping reform plan, the government announced on Tuesday.
The draft legislation, part of a ...
Tax department systems to go offline for upgrade
The department of taxation’s online systems are set for a temporary shutdown in the coming days as part of a planned technology upgrade.
In an official statement, officials confirmed ...
Trump’s sweeping tax-cut, spending bill clears first US Senate hurdle
The Republican-controlled U.S. Senate narrowly advanced President Donald Trump’s, sweeping tax–cut and spending bill on Saturday, during a marathon weekend session marked by political drama, division and ...
Tax dept ‘putting final touches’ on tax reform bills
The tax department is “putting the final touches” on bills which, if passed into law, will bring about sweeping changes to Cyprus’ tax system, according to reports on Friday.
The ...
Trump tax bill to leave 10.9 million more uninsured, says CBO
The nonpartisan Congressional Budget Office on Wednesday projected that President Donald Trump’s tax-cut bill, as passed by the U.S. House of Representatives, would increase the number of uninsured ...
Green taxes still under discussion with EU, says Letymbiotis
Two green taxes remain under discussion with the EU, both in terms of content and compensatory measures, government spokesman Konstantinos Letymbiotis said on Tuesday.
He added that the final proposal ...
Christodoulides: Football clubs can rejoin tax plan if they cover missed payments
Football clubs which owe money to the state in the form of unpaid taxes can re-enter the government’s tax repayment plan if they can pay the instalments they missed, ...