
Consagon is an independent audit, tax and advisory firm based in Nicosia, Cyprus, with extensive experience in audit and assurance, financial reporting and accounting, tax advisory and compliance and business advisory services.

TD59-Declaration for claiming tax deductions is a form provided by employers to their employees at the beginning of each year or at any new employment to declare their income and claim allowances, allowing employers to make accurate monthly tax deductions. The TD59 Calculator is a useful tool for employees, allowing them to calculate accurately their resulting chargeable income and the respective yearly/monthly tax.

Cyprus has enacted a comprehensive tax reform with most key measures effective from January 1, 2026. The changes include an increased corporate tax rate, new personal income tax brackets, the abolition of stamp duty, and new tax incentives for innovation and families.

The Cyprus Tax Calendar presents the important tax deadlines for tax returns submission and payment of taxes.

Dates by which penalties, charges and interest are imposed to companies and individuals regarding the late submission of income tax returns and payment of tax liabilities.

TD59-Declaration of allowances claimed is a form provided by employers to their employees at the beginning of each year or at any new employment to declare their income and claim allowances, allowing employers to make accurate monthly tax deductions. The TD59 Calculator is a useful tool for employees, allowing them to calculate accurately their resulting chargeable income and the respective yearly/monthly tax.

The Cyprus Tax Calendar presents the important tax deadlines for tax returns submission and payment of taxes.