Income Tax

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

15.04.2026

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 bal...

Income Second First Installment Deadline Approaching

25.11.2024

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, 2024. Paying you...

Income Tax First Installment Deadline Approaching

29.07.2024

We would like to remind you that the deadline for the first installment of income tax payment is approaching. Please ensure that you complete your income tax payments by July 31, 2024. Paying your tax...

2024 Tax Rates and Personal Deductions

13.01.2024

Important information regarding tax rates and exemptions to be applied in the Turkish Republic of Northern Cyprus for the year 2024 is provided below:Personal Allowance: For the 2024 tax year, the per...

Corporate Income Tax Payment Deadline is Approaching

The corporate income tax payment deadline is approaching. We would like to remind you to complete your income tax payments by June 30, 2024. Paying your taxes by this date will help you avoid potentia...