News and Legal Updates | Areti Charidemou & Associates LLC Law Firm

15 12 '25

Extension of the submission date for persons who are obliged to submit a Summarized Information Table (SIT) for tax year 2023 and 2024

On 28 November 2025, the Cyprus Tax Department (“CTD”) issued an announcement informing all taxpayers that the Council of Ministers, in its latest meeting, decided to extend the submission deadline for the Income Tax Return for persons required to submit a SIT for their controlled transactions for tax year 2023 and 2024, as follows: …

15 12 '25

SDC and GHS for the 2nd semester of 2025

Payment of the Special Defence contribution (“SDC”) and General Healthcare System contributions (“GHS”) for the 2nd semester of 2025 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…

15 12 '25

Temporary tax due 31 December 2025

The deadline for the settlement of the second instalment of the 2025 temporary tax is the 31st of December 2025. 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…

17 06 '25

Deadline for settlement of taxes through self-assessment

We would like to remind that the deadline for the settlement of the below taxes through self-assessment is 30 June 2025. Special Contribution for Defence on rents received by Cypriot domiciled and tax resident individuals and Cypriot tax resident companies during the first 6 months of 2025; Special Contribution for Defence on dividends and passive…

05 05 '25

Personal Income Tax Return (Form T.D.1) for the tax year 2024

On 30th April 2025, the Tax Department of Cyprus announced that the Individual’s Personal Income Tax Return (Form T.D.1) for the tax year 2024 is now available for electronic submission. The tax return (Form T.D.1) is addressed to employees and pensioners as well as to self-employed individuals (Form T.D.1 self-employed) with gross annual income exceeding…

11 04 '25

Cyprus Digital Nomad Opening of Applications

On March 26, 2025, the Council of Ministers of Cyprus has announced that the island will officially open applications for its much-anticipated Digital Nomad Visa program. This initiative aims to attract remote workers from around the globe. Consequently, it promises to enhance the local economy while providing a unique lifestyle for applicants. 500 new spots…

30 01 '25

Mandatory Mediation for Civil Disputes up to €10,000 – Bill Approved by the Council of Ministers – Awaiting Approval by the House of Representatives

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…

30 01 '25

Υποχρεωτική διαμεσολάβηση για αστικές διαφορές έως €10.000 – Εγκρίθηκε το νομοσχέδιο από το Υπουργικό Συμβούλιο – Αναμονή για την ψήφιση από τη Βουλή

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…

16 01 '25

Tax Diary 2025

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…

04 12 '24

SDC and GHS for the 2nd semester of 2024:

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…