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In January 2026, Cyprus implements one of the most significant personal tax reforms of the past decade. The Cyprus Tax Department has issued an official Explanatory Guide clarifying how the new rules apply to individuals who are tax residents of Cyprus, with effect from the 2026 tax year (returns filed in 2027). This article provides a clear, structured, and practical overview of the reform and its implications. Official Guidance and forms can be found here: https://www.mof.gov.cy/mof/tax/tax...

Effective 1 January 2026 , Cyprus will implement the most significant tax reform in decades. On 22 December 2025 , the Cyprus House of Representatives voted to approve the key tax reform bills , marking the first major overhaul of the tax system in over 20 years. The reform package was built around six legislative bills prepared by the Ministry of Finance and debated in Parliament following extensive public consultation and stakeholder input. Below is a structured explanation of what’s...

Understanding transfer pricing is essential for businesses operating in Cyprus, especially those involved in cross-border transactions...