Recent news
Latest items of recent news relevant to Cyprus as reported in our fortnightly newswire ‘Dernières nouvelles’.
Cyprus: Maternity leave extension bill submitted to parliament
The Bill provides for maternity leave totalling 22 weeks for all new first-time mothers, including surrogate mothers, and for an increase in maternity leave for adopting mothers from 16 weeks to 20 weeks …
Please login to view this content or become a member by joining now.
Cyprus: Social insurance fund rate for 2024
The employees’ own contribution to the state-administered social insurance fund has been increased to 8 …
Please login to view this content or become a member by joining now.
Cyprus: Payment of wages
Under the recently implemented Protection of Wages (Amendment) Law, an employer is obliged to make wage payments into a bank payment account of the employee’s choice …
Please login to view this content or become a member by joining now.
Cyprus: 13th Month salaries
Failure to pay a 13th month salary where due is a criminal offence …
Please login to view this content or become a member by joining now.
Cyprus: 2024 minimum wage
The minimum wage for those who have worked full-time with the same employer up to 6 months has now been increased from €885 to €900 gross per month …
Please login to view this content or become a member by joining now.
Cyprus: Prolonged standing at work
A Bill, which has already been approved by the Council of Ministers, has amended Article 27 of the Occupational Safety and Health Laws of 1996 to 2020 …
Please login to view this content or become a member by joining now.
Cyprus: Remote work Bill passed
The new law stipulates that the employer is obliged to cover the costs incurred by an employee due to working from home and is also obliged to provide the necessary technical support for the employee to be able to work remotely …
Please login to view this content or become a member by joining now.
Cyprus: New minimum monthly wages in the hotel industry (June 2023)
The gross minimum monthly salary for those working in the hotel industry as a “Receptionist B” is now €1,147 (US$1,212) …
Please login to view this content or become a member by joining now.
Cyprus: Transparent and predictable work reforms
Cyprus is the only member of the European Union that is physically in the Levant region of Western Asia …
Please login to view this content or become a member by joining now.
Cyprus: New 15% minimum corporation tax for large companies
Public consultation on draft legislation implementing Pillar Two of the minimum tax initiative will run until 31st October 2023 …
Please login to view this content or become a member by joining now.
Cyprus: Amendment to income tax concession
The House of Representatives has just confirmed an amended scheme to encourage foreign nationals and Cypriot diaspora to work in the country …
Please login to view this content or become a member by joining now.
Cyprus: 2022 Tax return deadline extended
Employees, whose gross total income for the year 2022 was greater than €19,500 (US$20,717), have been relieved for a further month from submitting their tax return and paying taxes due …
Please login to view this content or become a member by joining now.
Cyprus: Tax break scheme attracts companies to move their HQ
Since February 2022, a reduced tax rate for above average earners has attracted 1,600 companies to move their head offices to Cyprus to benefit over 14,000 of their senior employees …
Please login to view this content or become a member by joining now.
Cyprus: Income tax return deadline extended until 2nd October 2023
The deadline for the submission of the electronic Income Tax Return for employees who do not prepare audited financial statements (Form T …
Please login to view this content or become a member by joining now.
Cyprus: New double taxation treaty with the Netherlands
From 1st January 2024, a new framework will be established for nationals of either country to be taxed when they take up work in the other country …
Please login to view this content or become a member by joining now.