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.