Circular 3/2024 – Tax treatment of premiums and medical plans

Tax alert - June 2024

The Tax Department has issued on 30th May 2024, Circular 3/2024 relating to the tax treatment of premiums and medical plans. The Circular provides clarifications relating to the tax treatment of premiums paid to medical plans by individuals for their own medical coverage and by employers for the medical coverage of their employees.

The Circular is available here

Εγκύκλιος 3/2024 – Φορολογικός χειρισμός ασφαλίστρων και Σχέδια ιατροφαρμακευτικής περίθαλψης

Φορολογική Ενημέρωση - Ιούνιος 2024


Το Τμήμα Φορολογίας έκδωσε στις 30 Μαΐου 2024, την Εγκύκλιο 3/2024 αναφορικά με τον φορολογικό χειρισμό ασφαλίστρων και σχέδια ιατροφαρμακευτικής περίθαλψης. Η Εγκύκλιος παρέχει διευκρινήσεις αναφορικά με τον φορολογικό χειρισμό της καταβολής ασφαλίστρων σε Σχέδια ιατροφαρμακευτικής περίθαλψης από άτομα για ιδία κάλυψη και από εργοδότες για κάλυψη των υπαλλήλων τους.

Η Εγκύκλιος παρουσιάζεται εδώ

How can KPMG assist?

Should you like to further discuss the content and potential impact of the above to your business, please contact one of our trusted advisors from the Tax Department at KPMG in Cyprus.

Get in touch

George Markides
Board Member
KPMG Limited
Head of Tax Services

Costas Markides
Board Member
KPMG Limited
International Tax Services

Katia Papanicolaou
Board Member     
KPMG Limited
Direct Tax Services            

Stelios Stylianou
Board Member
Direct Tax Services
KPMG Limited

Michael Halios
Board Member
International Tax Services
KPMG Limited

Michalis Loizides
Board Member
Tax Services
KPMG Limited

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