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        <title><![CDATA[N.Akman & Co. Blog]]></title>
        <link><![CDATA[https://www.akmanco.com/blog/feed]]></link>
        <description><![CDATA[Latest insights on accounting, taxation, and business in North Cyprus]]></description>
        <language>en-US</language>
        <pubDate>Wed, 07 Oct 2026 00:00:00 +0000</pubDate>

                    <item>
                <title><![CDATA[North Cyprus Property Withholding Tax Settlement: 10% Under 121/2026, Deadline 5 January 2027]]></title>
                <link>https://www.akmanco.com/en/blog/north-cyprus-property-withholding-tax-settlement-10-percent-121-2026</link>
                <description><![CDATA[North Cyprus has cut property withholding tax on qualifying sales to foreign buyers from 20% to 10%; applications close on 5 January 2027.

Who Qualifies and What Is the Rate?

Under Article 6 of Decree Law 121/2026, made by the Council of Ministers (the TRNC cabinet) and in force since its publicat...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 07 Oct 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[Undistributed Corporate Profits in North Cyprus: New Deadline 4 December 2026]]></title>
                <link>https://www.akmanco.com/en/blog/undistributed-corporate-profits-north-cyprus-deadline-4-december-2026</link>
                <description><![CDATA[North Cyprus has set a new deadline for undistributed corporate profits: applications close at the end of business on 4 December 2026, with the rate and conditions unchanged.

What Is the New Deadline?

Article 2 of Decree Law 120/2026, a decree with the force of law made by the Council of Ministers...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 07 Oct 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[September–November 2026 Premium Support in North Cyprus: What Changed from the July–September Decree-Laws (84/2026 and 82/2026)]]></title>
                <link>https://www.akmanco.com/en/blog/september-november-2026-premium-support-changes-from-july-september-decree-laws-north-cyprus</link>
                <description><![CDATA[September–November 2026 premium support in North Cyprus is set by Decree-Laws 113/2026 and 114/2026, which replace the July–September 2026 Decree-Laws 84/2026 and 82/2026. Compared with those decrees, the no-stoppage condition now runs to 30 November 2026 instead of 30 September 2026.
What Changed C...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Sat, 03 Oct 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[North Cyprus Tax Amnesty Deadline Extended to 15 December 2026: Decree-Law 116/2026]]></title>
                <link>https://www.akmanco.com/en/blog/north-cyprus-tax-amnesty-deadline-15-december-2026-decree-116-2026</link>
                <description><![CDATA[The North Cyprus tax amnesty deadline is extended to close of business on 15 December 2026; rates and conditions for 2024 and earlier debts are unchanged (Decree-Law 116/2026, Articles 5(1) and 6).
What Changed Compared with Decree-Law 81/2026?
Decree-Law 116/2026 (Official Gazette No. 193, 2 Octobe...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Sat, 03 Oct 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[Balance Sheet Regularisation in North Cyprus: Valuation Report Rules Amended by Decree-Law 115/2026]]></title>
                <link>https://www.akmanco.com/en/blog/balance-sheet-regularisation-valuation-report-north-cyprus-115-2026</link>
                <description><![CDATA[Decree-Law 115/2026 renames the expertise report in North Cyprus balance sheet regularisation the Real Estate Valuation Report (Gayrimenkul Değerleme Raporu) (Articles 2 and 3).
What Changed Compared with Decree 92/2026?
Decree-Law 115/2026 (Official Gazette No. 193, 2 October 2026) amends Decree-La...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Sat, 03 Oct 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[Social Security Contributions for Permanent Residence Permit Holders in North Cyprus: Decree 112/2026]]></title>
                <link>https://www.akmanco.com/en/blog/permanent-residence-permit-social-security-contributions-north-cyprus-2026</link>
                <description><![CDATA[From 1 October 2026, permanent residence permit (Daimi İkamet İzni) holders in North Cyprus pay social security contributions at TRNC citizens' shares (Decree-Law 112/2026, Article 4).

What Changed Compared with Decree 83/2026?

Decree-Law 112/2026 (Official Gazette No. 193, 2 October 2026) repeals...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Sat, 03 Oct 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[Financial Transactions Tax Law 62/2026: What Changes in North Cyprus on 1 October 2026]]></title>
                <link>https://www.akmanco.com/en/blog/financial-transactions-tax-law-62-2026-north-cyprus</link>
                <description><![CDATA[The Financial Transactions Tax Law was published in the Official Gazette of North Cyprus on 13 July 2026 and takes effect on 1 October 2026, repealing the Banking and Insurance Transactions Tax Law 21/1992 in full. It reaches ten categories of financial institution, including crypto asset service pr...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Mon, 21 Sep 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[Balance Sheet Regularisation in North Cyprus: Decree Law 92/2026]]></title>
                <link>https://www.akmanco.com/en/blog/balance-sheet-regularisation-north-cyprus-decree-92-2026</link>
                <description><![CDATA[North Cyprus has opened a three-month window for balance sheet regularisation. Decree Law 92/2026, published in the Official Gazette on 14 August 2026 and in force the same day, lets businesses bring onto their books inventory and fixed assets that were unrecorded, understated or overstated as at 31...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Mon, 17 Aug 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[Undistributed Corporate Profits in North Cyprus: A 15-Day Extra Filing Window]]></title>
                <link>https://www.akmanco.com/en/blog/undistributed-corporate-profits-filing-window-north-cyprus-2026</link>
                <description><![CDATA[North Cyprus has reopened the 7.5% withholding on undistributed corporate profits for a further 15 days. Decree Law 88/2026, published on 31 July 2026, changes only the filing period; in practice, those who already filed need do nothing, and those who missed the window can apply again on identical t...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Sun, 02 Aug 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[Relief on Overdue Social Insurance Contributions 2010-2026: Application and Payment Plans]]></title>
                <link>https://www.akmanco.com/en/blog/overdue-social-insurance-contributions-relief-2026</link>
                <description><![CDATA[The Council of Ministers has reduced the late-payment surcharge (gecikme zammı) on overdue social insurance contributions in North Cyprus. Two Decrees Having Force of Law, published in Official Gazette No. 143 of 30 July 2026 (Special Issue), cover contribution debts accrued between 1 January 2010 a...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Fri, 31 Jul 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[Social Security Contribution Rates in North Cyprus Permanently Revised]]></title>
                <link>https://www.akmanco.com/en/blog/social-security-contribution-rates-north-cyprus-2026</link>
                <description><![CDATA[Social security contribution rates in North Cyprus have been permanently revised. Decree No. 83/2026, published in Official Gazette No. 143 of 30 July 2026, resets the contribution shares payable for every person insured under the Social Security Law (73/2007) with effect from 29 July 2026. The decr...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Fri, 31 Jul 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[July-September 2026 Social Insurance Premium Support in North Cyprus: Scope and Rates]]></title>
                <link>https://www.akmanco.com/en/blog/july-september-2026-social-insurance-premium-support</link>
                <description><![CDATA[The Council of Ministers published two Decrees Having the Force of Law in Official Gazette Issue 143 of 30 July 2026 (Special Issue, Annex I, Section II) creating a three-month social insurance premium support for the July 2026 - September 2026 period: Decree No. 82/2026 and Decree No. 84/2026. The...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Fri, 31 Jul 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[North Cyprus Tax Amnesty 2026: Up to 90% of Penalties and Interest Waived on Pre-2025 Tax Debts]]></title>
                <link>https://www.akmanco.com/en/blog/north-cyprus-tax-amnesty-ygk-81-2026</link>
                <description><![CDATA[The North Cyprus tax amnesty 2026 is in force. Decree-Law 81/2026 waives up to 90% of penalties, surcharges and late-payment interest on tax debts for the 2024 and earlier taxation periods. The application deadline is 12 October 2026.
What is Decree-Law 81/2026 and when did it take effect?
The full...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Mon, 27 Jul 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[The new minimum wage rates in North Cyprus effective 1 July 2026 have been announced.]]></title>
                <link>https://www.akmanco.com/en/blog/minimum-wage-rates-north-cyprus-july-2026</link>
                <description><![CDATA[ The minimum wage in North Cyprus has been increased by 16.95 percent with effect from 1 July 2026, under a decision published in the Official Gazette on 17 July 2026. The new gross rates are: Monthly: 70,893.00 TL Weekly: 16,360.00 TL Daily: 3,271.98 TL Hourly: 408.99 TL Employers should update the...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Thu, 16 Jul 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[Pay Your 2025 Tax in Full Before the First Installment for an Extra 5% Discount — TRNC Decree-Law 48/2026]]></title>
                <link>https://www.akmanco.com/en/blog/pay-your-2025-tax-in-full-before-the-first-installment-for-an-extra-5-discount-trnc-decree-law-482026</link>
                <description><![CDATA[The North Cyprus Council of Ministers has introduced a one-off early-payment discount for 2025 corporate and personal income tax through Decree-Law No. 48/2026, published in TRNC Official Gazette No. 79 on 24 April 2026. Under the literal wording of the decree, taxpayers who settle the full 2025 lia...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Sun, 26 Apr 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[Effective 15 April 2026, North Cyprus's YGK 45/2026 introduces a 7.5% flat-rate one-time settlement for undistributed corporate retained earnings. Deadline 31 July 2026]]></title>
                <link>https://www.akmanco.com/en/blog/effective-15-april-2026-north-cypruss-ygk-452026-introduces-a-75-flat-rate-one-time-settlement-for-undistributed-corporate-retained-earnings-deadline-31-july-2026</link>
                <description><![CDATA[Effective 15 April 2026, North Cyprus's Decree-Law 45/2026 (YGK 45/2026), published in Official Gazette No. 70, allows TRNC corporate taxpayers to distribute retained earnings accumulated on their balance sheets up to 31 December 2025 at a flat 7.5% withholding rate. The Decree was approved by the C...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Wed, 15 Apr 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[ New Regulation on Work Permits for Foreign Nationals: Deadline Extension Applications No Longer Accepted]]></title>
                <link>https://www.akmanco.com/en/blog/new-regulation-work-permits-foreign-nationals-deadline-extension-applications-no-longer-accepted</link>
                <description><![CDATA[The TRNC Ministry of Labour and Social Security has introduced a significant regulation to ensure that work permit procedures for foreign nationals are conducted more effectively and in compliance with existing legislation. As of 13 April 2026, the committee application process for overdue work perm...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Tue, 07 Apr 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[New Rule on Wage Payments in TRNC: Bank/Cooperative Transfer Requirement for Employers with 5+ Employees (Effective 31 March 2026)]]></title>
                <link>https://www.akmanco.com/en/blog/trnc-wage-payments-bank-transfer-requirement-5-employees-march-31-2026</link>
                <description><![CDATA[A key change to wage payments is coming into force under the Labour (Amendment) Law. Starting from 31 March 2026, if the total number of employees working in workplaces belonging to the same employer is at least 5, the employer must pay each employee’s net wage (the amount remaining after statutory...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Fri, 06 Feb 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[TRNC New Minimum Wage Rates Effective From  January 1, 2026]]></title>
                <link>https://www.akmanco.com/en/blog/trnc-new-minimum-wage-rates-effective-from-january-1-2026</link>
                <description><![CDATA[With the decision published in the Official Gazette on January 9, 2026, the minimum wage has been updated, effective from January 1, 2026. The new minimum wage rates are as follows:Monthly Gross Minimum Wage: 60,618.00 TLWeekly Gross Minimum Wage: 13,988.76 TLLDaily Gross Minimum Wage: 2,797.75 TLHo...]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Fri, 09 Jan 2026 00:00:00 +0000</pubDate>
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                <title><![CDATA[2025 Income Second First Installment Deadline Approaching]]></title>
                <link>https://www.akmanco.com/en/blog/2025-income-second-first-installment-deadline-approaching</link>
                <description><![CDATA[We would like to remind you that the deadline for the second installment of income tax payment is approaching. Please ensure that you complete your income tax payments by November 30, 2025. Paying your tax by this date will help you avoid potential late payment penalties.]]></description>
                <author><![CDATA[N.Akman & Co. <info@akmanco.com>]]></author>
                <pubDate>Mon, 24 Nov 2025 00:00:00 +0000</pubDate>
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