December 2025

DEEMED DIVIDEND DISTRIBUTION THAT RELATES TO THE TAX YEAR 2023

We would like to remind you of the deemed dividend distribution (DDD) provisions of the Special Contribution for the Defence Law that relate to the tax year 2023. Profits subject to deemed dividend distribution In accordance with the legislation, a company which is a tax resident of Cyprus, will be deemed to have distributed as dividend 70% of its accounting profits arising in 2023. The deemed dividend will be considered as having been distributed two years from the end of the year it relates to. Therefore for 2023 the date of deemed distribution is 31 December 2025 (Last date of payment 30th January 2026). The deemed distribution provisions are not applicable to the...

PROVISIONAL TAX / ΠΡΟΣΩΡΙΝΗ ΦΟΡΟΛΟΓΙΑ 2025

We would like to remind you that the payment deadline for the 2nd provisional tax instalment for tax year 2025 is the 31st of December 2025 (there is 30 days period for the payment until 30 January). Obligation for provisional tax payment The following persons have an obligation to pay provisional tax, based on their expected annual taxable income for tax year 2025: Individuals with taxable income other than salaries, pensions, dividends and interest, and Companies with taxable income. Payment of provisional tax The provisional tax is calculated by applying the relevant tax rates (depending on whether the taxpayer is an individual or a company) on the expected taxable income for the year, after taking into account any overseas...

Monthly Archives - December 2025