Category: News

On January 3, 2025, the Council of Ministers approved an amending bill that introduces a mandatory mediation process prior to the filing of Civil Actions for disputes up to €10,000. The Minister of Justice highlighted that the bill introduces an important innovation, as it establishes the mandatory initial mediation session, a practice that did not…

Στις 3 Ιανουαρίου 2025, το Υπουργικό Συμβούλιο ενέκρινε τροποποιητικό νομοσχέδιο που εισάγει την υποχρεωτική διαδικασία διαμεσολάβησης πριν από την καταχώρηση αγωγών για αστικές διαφορές μέχρι €10.000. Ο Υπουργός Δικαιοσύνης τόνισε ότι το νομοσχέδιο εισάγει μια σημαντική καινοτομία, καθώς καθιερώνεται η υποχρεωτική αρχική συνεδρία διαμεσολάβησης, κάτι που δεν υπήρχε στο παρελθόν, προσφέροντας έτσι ένα νέο εργαλείο…

TAX DIARY FOR 2025DateDescriptionEnd of each month (Jan- Dec)Payment of PAYE relating to employees’ salaries for the previous monthPayment of Special Defence Contribution and General Healthcare Contributions withheld on dividends or interest or rent paid of Cyprus tax residents in the previous monthPayment of tax withheld on payments to non-Cyprus tax residents of the previous…

Payment of the Special Defence contribution (“SDC”) and General Healthcare System contributions (“GHS”) for the 2nd semester of 2024 on rental income which has not been withheld by the tenant, on overseas bank interest income and on any dividend income which may be subject to SDC and GHS shall need to be made no later…

The deadline for the settlement of the second instalment of the 2024 temporary tax is the 31st of December 2024. The deadline refers to the second and final instalment of the temporary tax for the current year, which all Cyprus tax resident companies and individuals having income subject to income tax other than salary income…

The Department of the Registrar of Companies and Intellectual Property announces that according to the Companies (Amendment) Law 2024, L.25(I)/2024, which was published in the Official Gazette of the Republic on March 15, 2024, the annual fee for companies registered in the Register of the Registrar of Companies is abolished from 2024 onwards. The annual fees…

What changes with naturalisations – The new framework for qualifications and criteriaThe Cypriot House of Representatives approved on the 30th of November 2023 an amendment of the Civil Registry Law (‘the Law’), modernising the current legal framework and relaxing the requirements and criteria for naturalisation of foreign nationals. The amendments primarily relate to the amount…