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

Changes to the Cyprus - Russian double taxation treaty

Negotiations to the Cyprus and Russian double taxation treaty have taken place following the request from Russia for an increase in the withholding tax on income from dividends and interest to 15% (currently the treaty provides for withholding tax of either 5% or 10% on dividends, and 0% on inter...…

Published: Sunday 16 August, 2020

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