Extension of 2020 income tax returns submission deadline for companies and physical persons
The House of Representatives has approved on 24 March 2022, an extension to the deadline for the below filings from 31 March 2022 until 31 July 2022: Electronic submission for
New Action Plan to Attract businesses to Cyprus
On October 15th 2021 the Council of Ministers approved an action plan for attracting companies to operate or expand their activities in Cyprus. The new strategy is in line with
Tax Alert concerning Deemed Dividend Distributions for the profits of tax year 2019
Cyprus tax resident companies are deemed to have distributed at least 70% of their 2019 DDD-adjusted profits, by 31 December 2021 and settle relevant SDC and/or GHS (if any) by
DAC6 – Administrative Fines for non-compliance
Circular concerning Administrative Fines On 10 November 2021, the Cyprus Tax Department issued Interpretive Circular 55 (available in Greek) which concerns the imposition of administrative fines for non-compliance with the
A Further Extension To The Imposition Of Administrative Fines For Overdue Submission Of DAC6 Information
On the 22nd of November 2021, the Cypriot Tax Department issued an announcement stating that there will be no imposition of administrative fines for the overdue submission of DAC6 information
Imposition of 10% Additional Tax on Employees with income other than employment remuneration
Interpretive Circular 54 (available only in Greek language) issued by the Cyprus Tax Department on 19 October 2021, concerns the imposition of 10% additional tax for employees with income other
Submission deadline extension for the 2019 Corporate Income Tax Return and Personal Income Tax Return of individuals
We would like to inform you that in accordance with a Decree issued on 28 September 2021 the following deadlines are extended to 30 November 2021: Electronic submission of the
A further extension to the imposition of administrative fines for overdue submission of DAC6 information
On the 21st of September 2021, the Cypriot Tax Department issued an announcement stating that there will be no imposition of administrative fines for the overdue submission of DAC6 information
Submission of 2020 personal income tax returns
As per the relevant announcement of the Cyprus Tax Department dated 23 July 2021, individuals can now file their personal Income tax returns for the tax year 2020, via the