Cypriot government announces tax reform measures

28 February 2025|Tax Alerts, Legislation & Policy, National/Federal Taxation, Global|Cyprus

The proposed measures would increase the corporate tax rate from 12.50% to 15% and abolish deemed dividend distributions rules.
The current personal income tax rates would be maintained, with an increase in the bands.
Certain tax advantages would also be retained.

Executive summary

On 26 February 2025, the Economics Research Centre¹ of the University of Cyprus presented its blueprint for tax reform to key stakeholders, including members of the business community, business associations and prof…

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