Cyprus has published amendments to the Income Tax Law and the Special Contribution for Defence Law in Official Gazette No. 4867 of 21 December 2021. The amendments to both laws enter into force on 31 December 2022. Income Tax Law Amendments Two main amendments are made to the Income Tax Law. The first amendment concerns corporate tax residence. Under the residency rules, a company is considered to be a tax resident in Cyprus if its management and control is exercised in Cyprus, which continues to be the case. The amendment adds an additional rule to provide that a company established...