ARTICLES  

Filing of companies temporary tax return for the year 2020

It is a requirement of the Cyprus tax system that tax on a company's profits for the current tax year ending 31.12.2020 is prepaid.

 

The temporary tax returns for 2020 must be completed and filed on time. Any tax thereof, if applicable, must be paid in two equal installments these being 31 July and 31 December. Late payment of the installments will result to interest and penalties.

Latest news

Extension for filing of personal tax returns

It has been announced by the Commissioner of Taxation that if a person's gross income for the year 2019 exceeds €19.500 (it applies to employees, pensio...…

Published: Thursday 18 June, 2020

Extension for filing of tax returns

It has been announced by the Commissioner of Taxation that the date for filing of tax returns by companies or self-employed persons who prepare financia...…

Published: Wednesday 27 May, 2020

Corona virus – tax and VAT measures

As a result of the disruption caused by Corona Virus disease, the Cyprus government has taken taxation and VAT measures in order to support the local economy. These are as follows: Taxation The new submission deadline for the 2018 corporate income tax retur...…

Published: Tuesday 31 March, 2020