Updates

We would like to remind you that the deadline for the submission of the relevant returns and notifications, as well as for the payment of any top-up tax liabilities, under the Cyprus Pillar II law in respect to the first reporting fiscal year (i.e., 31/12/2023 to 31/12/2024), is the 30^th September 2026.

Riana Treppides Featured in CBN and in Gold Magazine's "Women in Accountancy" Special Edition.

We would like to inform you that the electronic submission of personal income tax returns (forms TD1) for employees and pensioners for the year 2025 is now possible through Taxisnet.

We would like to bring to your attention that the deadline for the first provisional tax instalment for the tax year 2026 is approaching. We urge you to give due consideration to the matter to ensure that the payment of the relevant tax liability is made by the due date.

K. Treppides & Co Ltd and European University Cyprus have officially signed a Memorandum of Understanding, establishing a long‑term apprenticeship and scholarship collaboration for students in Accounting, Economics & Finance, and Business. K. Treppides & Co Ltd is the largest independent consulting firm in Cyprus, with an established international presence and offices in Cyprus, the United Kingdom, and Malta. Founded in 1985, the Company employs approximately 200 professionals.

We would like to inform you that the Cyprus Tax Department has published a list of jurisdictions which are treated as low-tax jurisdictions (LTJs) for the year 2026.

The Cyprus Parliament has voted a new income tax incentive according to which eligible individuals are entitled to a 25% exemption from income tax up to a maximum annual amount of €25,000.

Following the issuance of Circular 2/2025 dated 24 March 2025, the Cyprus Tax Department (“CTD”) has announced an extension of the deadline for the submission of Form T.D.1220, which relates to the exemption from VAT on the leasing and/or rental of immovable property for commercial purposes.

On 22 December 2025, the Cyprus Parliament voted into law the long-awaited tax reform package which aims to reshape and modernize the country's tax system. Here you can find a summary of the key amendments.

We would like to remind you that the deadline for the submission of the reportable information by digital platform operators engaging in “Relevant Activities” under Council Directive (EU) 2021/514 (known as DAC7) for the year 2025 is 31st January 2026.

We would like to inform you of the deadlines for the settlement of taxes due in relation to rental income, dividends and passive interest income.

The euro officially entered into circulation in Bulgaria today, bringing the number of European Union ("EU") Member States using the single European currency to 21. This follows on from the formal decision made in July, which also announced the official conversion rate of 1.95583 Bulgarian lev per 1 euro.

The European Banking Authority ("EBA") has updated its Guidelines on the equivalence of confidentiality and professional secrecy regimes in third countries, reinforcing the EU’s commitment to safeguarding confidential information and enabling effective cross‑border supervisory cooperation.

We would like to remind you of the deemed dividend distribution (DDD) provisions of the Special Contribution for the Defence Law (SDC) that apply on the 31st of December 2025, and for which there is a reporting deadline on 31st of January 2026.

The European Banking Authority ("EBA"), the European Central Bank ("ECB"), national central banks and national supervisory authorities across the European Economic Area have signed a Memorandum of Understanding ("MoU") to strengthen cooperation and information sharing in support of non-bank payment service providers’ ("PSPs") access to central bank-operated payment systems.

The Council of Ministers of the Republic of Cyprus has issued Regulation Κ.Δ.Π. 364/2025, published in the Official Gazette on 5 December 2025, introducing amendments to the Cyprus VAT Law N. 95(I)/2000 (the VAT Law).

The European Banking Authority ("EBA") today published its final draft amending Regulatory Technical Standards ("RTS") on the types of factors to be considered by national authorities in assessing the appropriateness of real estate risk weights.

The European Banking Authority ("EBA") today released its Autumn 2025 risk assessment Report ("RAR"), confirming that EU/EEA banks remain strong in capital, liquidity, profitability and asset quality.

Remaining uncertainties around trade agreements and the longer-term economic and financial effects of tariffs continue to shape the euro area financial stability landscape, according to the November 2025 Financial Stability Review published today by the European Central Bank ("ECB").

We would like to inform you that the deadline for the payment of the second temporary tax installment for the tax year 2025 is due on 31st of December 2025.

The European Central Bank ("ECB") has just completed a review of its risk control framework for collateralised credit operations to ensure the framework remains protective, consistent and risk-equivalent across asset classes.

The European Banking Authority ("EBA") today launched a consultation on its Guidelines on supervisory independence of competent authorities under the Capital Requirements Directive ("CRD").

The European Banking Authority ("EBA") updated today the aggregated overview on the implementation and transposition of the revised Capital Requirements Directive ("CRD V") and Investment Firms Directive ("IFD") packages.

The European Banking Authority ("EBA") today responded to the European Commission’s Call for Advice on the key components of the new anti-money laundering/countering the financing of terrorism ("AML/CFT") framework.

Corporate finance firms raise capital for businesses, contributing to growth in the UK economy.

On 23 September 2025 the Executive Board of the European Central Bank ("ECB") adopted a Decision on transitional provisions for the application of minimum reserves by the ECB following the introduction of the euro in Bulgaria on 1 January 2026 ("ECB/2025/33").

The EBA's Chairperson will be selected on the basis of merit, skills, knowledge of financial institutions and markets, and of experience relevant to financial supervision and regulation, following an open selection procedure.

We would like to inform you that fake emails with the logo of the Cyprus Tax Department are circulating, which request verification of the recipient’s personal information as well as their bank account details, under the pretext of a tax refund.

The European Banking Authority ("EBA") published today its Work Programme outlining the key priorities and initiatives for 2026.

The European Banking Authority ("EBA") today published its Q2 2025 Risk Dashboard ("RDB"), which discloses aggregated statistical information for the largest EU/EEA credit institutions.