Cyprus tax reform 2026: what companies still get wrong

The tax package that parliament passed on 22 December 2025 took effect on 1 January 2026, and half a year later the most common mistake is not a filing error. It is arithmetic based on the old rules. Advisers abroad, comparison articles and even some internal budgets are still built on the figures that stopped applying at midnight on 31 December.

Here is what actually changed, and where the confusion is concentrated....