Tax insight

Cyprus tax reform bills published

Insight
5 minute read
January 27, 2026

What happened?

As an update to our previous newsletter, on December 22, 2025, the Cyprus Parliament voted on various tax reform bills that aim to reshape the tax system so that it caters with greater flexibility, fairness, and efficiency to modern economic and social demands, as well as improved tax compliance. The relevant law amendments were published in the Government Gazette on December 31, 2025, with an effective date of January 1, 2026.

Why is it relevant?

The tax reform bills include a number of international tax amendments, discussed in more detail below.

Actions to consider

Multinational groups that include Cyprus companies should examine the international tax provisions of the tax reform bills to ascertain whether and to what extent the amendments affect their operations. They also should plan any necessary actions to fully and timely comply with the new rules.