User Rating: 5 / 5
Extension to the deadline for the payment of 2021 Annual Levy
New Deadline: 31/12/2021
We would like to inform you that the Department of Registrar of Companies has announced that the deadline for payment of the 2021 Annual Levy by registered companies is extended to 31 December 2021.
Furthermore, the Department underlines that:
- Payments of the Annual Levy for the years 2018 and on may be carried out either through the JCCSMART website https://www.jccsmart.com or at the Department's cash registry.
- Payments for the previous years that is 2012 - 2017 will be made either at the Department's cash registry or through the website of the Department of Registrar of Companies "other electronic services" after first connecting to the Government Portal "Ariadne".
We remain at your disposal for anything you may need.
Contact person
Stelios Ioannou
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+357 22 100 192
Managing Director
User Rating: 5 / 5
Extension to the deadline for the submission of Income tax returns of Companies (T.D.4) and self-employed persons whose turnover exceeds the amount of €70.000 and have obligation to prepare audited accounts (T.D.1) for the tax year 2019
New Deadline: 06/12/2021
We would like to inform you that the Minister of Finance has further extended the deadline for the income tax return of the companies, self-employed individuals whose turnover exceeds the amount of €70.000 and have the obligation to prepare audited accounts and for employees and pensioners whose income exceeds €19.500.
The deadline has been extended from 30 November 2021 to 6 December 2021.
It should be noted that there will be no imposition of administrative fines until 6 December 2021.
We remain at your disposal for anything you may need.
Contact person
Stelios Ioannou
This email address is being protected from spambots. You need JavaScript enabled to view it.
+357 22 100 192
Managing Director
User Rating: 5 / 5
The Tax Department has further extended the deadline for the submission of DAC6 information
New Deadline: 31/01/2022
We would like to inform you that the Tax Department has announced that there will be no imposition of administrative fines for the overdue submission of DAC6 information that will be submitted by 31st of January 2022, in the following cases:
- Reportable Cross-Border Arrangements that have been made between the 25th of June 2018 and 30th of June 2020 and had to be submitted by 28th of February 2021.
- Reportable Cross-Border Arrangements that were implemented between 1st of July 2020 and 31st of December 2020 and had to be submitted by 31st of January 2021.
- Reportable Cross-Border Arrangements made between 1st of January 2021 and 1st of January 2022, that had to be submitted within 30 days from the date they were made available for implementation or were ready for implementation or the first step in the implementation has been made, whichever occurred first.
- Reportable Cross-Border Arrangements for which secondary intermediaries provided aid, assistance or advice, between 1st of January 2021 and 1st of January 2022 and had to submit information within 30 days beginning on the day after they provided aid, assistance or advice.
- The periodic reports for marketable arrangements.
We remain at your disposal for anything you may need.
Contact person
Stelios Ioannou
This email address is being protected from spambots. You need JavaScript enabled to view it.
+357 22 100 192
Managing Director
User Rating: 3 / 5
We would like to inform you that the Cyprus Tax Department has issued a circular regarding the imposition of a 10% additional tax for employees with income other than from employment.
According to the circular, taxpayers who have taxable income other than employment income (e.g., rental income) must submit a provisional tax declaration and settle the estimated provisional income tax in two installments. Failure to do so, results in the imposition of the 10% additional tax on the difference between actual tax payable and the provisional tax paid.
In cases where the taxpayer has already paid income tax on taxable income through the PAYE system, for income that exceeds 75% of the actual final income, then during the taxpayer’s income tax return examination, no additional tax will be imposed.
If a tax assessment has been issued and the 10% additional tax has been imposed, then the taxpayer can submit an objection within the statutory deadlines for the 10% additional tax to be waived.
We remain at your disposal for anything you may need.
Contact person
Stelios Ioannou
This email address is being protected from spambots. You need JavaScript enabled to view it.
+357 22 100 192
Managing Director
User Rating: 5 / 5
Further extension to the deadline for the submission of Income tax returns of Companies (T.D.4) and self-employed persons whose turnover exceeds the amount of €70.000 and have obligation to prepare audited accounts (T.D.1) for the tax year 2019
New Deadline: 30/11/2021
We would like to inform you that the Tax Department has further extended the deadline for the submission of the income tax returns for the tax year 2019 both for legal entities and self-employed individuals whose turnover is above €70.000 and are obliged to prepare audited accounts. The deadline has been extended from 30 September 2021 to 30 November 2021.
It should also be stated that the payment deadline for the tax liability for the tax year 2020 remains the 30th of September 2021.
We remain at your disposal for anything you may need.
Contact person
Stelios Ioannou
This email address is being protected from spambots. You need JavaScript enabled to view it.
+357 22 100 192
Managing Director