On 20 May 2024 the Cyprus Tax Department issued the final version of the Summary Information Table, now open for submission through the Tax For All (TFA) portal. All taxpayers with related party transactions must submit a Summary Information Table. What is a Summary Information Table? The SIT is a disclosure requirement for Transfer Pricing, […]

On July 4, 2024, the Tax Department announced that employers can submit the Employer’s Return for Withheld Taxes & Contributions (TD7) for the years 2019 to 2023 without facing administrative fines if submitted by 31 October 2024. After this date, late submissions will incur fines as per the legislation currently at €100. This announcement grants […]