Deloitte Releases Guide to Cyprus' Tax Landscape for 2024
Tax Information for Corporates and Individuals
Deloitte published its annual tax guide, "Cyprus – Tax Information 2024". This guide is an invaluable tool offering comprehensive and detailed information to both individuals and legal entities about the tax environment in Cyprus.
The tax guide includes all the significant provisions of the tax legislation, incorporating amendments voted by the House of Representatives up to the date of its publication. It features a tax calendar for 2024, an updated list of double taxation avoidance agreements, and information on tax obligations arising from income tax, special defence contribution, capital gains tax, VAT, Gesy (national health system), and many more. This year's edition also includes two new concise sections on the global minimum tax rate (Pillar II) and mandatory disclosure rules for digital platform operators (DAC7).
Deloitte's Tax Information has become a valuable tool for taxpayers in Cyprus. Providing tax services is one of the company's principal offerings, focusing particularly on corporate taxation, individual taxation, VAT matters, and international tax planning for multinational organizations and Cypriot businesses operating abroad. By combining innovation and expertise across sectors, Deloitte helps organizations operate efficiently and confidently in the constantly changing tax environment.
Antonis Taliotis, Head of Tax and Legal Services at Deloitte Cyprus, emphasizes the importance of immediate access to updated tax information. He states, "By consolidating all necessary information into a comprehensive publication, this annual tax guide equips taxpayers with the knowledge they need to comply with their obligations and turn the challenges presented into opportunities."
The "Cyprus – Tax Information 2024" guide is available in both Greek and English here.