Professional bodies rally behind Cyprus tax overhaul

The Cyprus Institute of Certified Public Accountants (Selk) welcomed the passage of Cyprus’ long-awaited tax reform by the House of Representatives, saying the vote marks a major institutional shift after more than two decades without a comprehensive overhaul of the tax system.

The reform, which will come into force on January 1, 2026, was described by Selk as “a significant institutional milestone for the tax system of the Republic of Cyprus, following a period of more than 23 years without an overall and structural review”.