The Cyprus Tax Department has extended both the submission of the Personal Income Tax (Form T.D.1) for the tax year 2023 as well as the settlement of any liability that may arise until 31 October 2024, which is available for submission via the TAXISnet platform. The form should be submitted by all employees, pensioners and self-employed persons for whom the combined total income for 2023 exceeds €19.500 .
Read full articleEnvironmental, social, and governance (ESG) factors have become increasingly important in the last few years and are now influencing business decisions all over the world. Companies in Cyprus are seeing the value of incorporating ESG concepts into their operations. This happens because the whole community becomes more aware of how business actions affect the environment and society. Discover the importance of ESG for sustainable growth for businesses in Cyprus, and how companies may use it to achieve long-term growth.
Read full articleA number of important elements have contributed to the recent success of games companies. The Covid 19 pandemic caused a global increase in the consumption of digital entertainment, which in turn has increased demand for video games. Technological developments like Artificial Intelligence (AI) Virtual Reality (VR) and cloud gaming, have improved gaming and drawn in a wider audience. The accessibility of mobile gaming combined with 5G technology and networks have both fuelled the industry’s rapid expansion and profitability. Of additional importance is the broader spectrum of game offering and audience age range as first generation gamers from the early late ‘70’s and early 80’s now reach their 60’s.
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