English (United Kingdom)

On June 2, the Cypriot Parliament voted the Law on Income Tax (N.118 (I) 2002) which is to be granted to individuals and in real estate owners' companies for a tax deduction against the total income tax for the year 2020 in case of reduction of rents.

The Cyprus Parliament has voted the reduction of the VAT rate from 9% to 5% from 1st July 2020 until 10 January 2021.

GHS (GESY) contribution rates for June 2020 are as follows based on announcement received from the Ministry of Labour

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CYPRUS TAX CALENDAR 2020 IN ENGLISH & GREEK