Cyprus amends National Minimum Wage for employees

Cyprus amends National Minimum Wage for employees

Following the Decree issued by the Council of Ministers back in 2022, as of 1 January 2023 the National minimum wage is in effect. Pursuant to the Decree, the starting monthly salary is set to €855 gross for the first six months of employment and increased to €940...
Provisional Tax payment for the tax year 2022

Provisional Tax payment for the tax year 2022

As per the Cyprus Income Tax legislation, every Cyprus Company or self-employed, registered with the local Tax Authorities, is required to estimate its taxable profits for the year 2022, and pay their tax provisionally in two equal installments. This return must be...