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