We would like to remind you for the requirements of the Cyprus Tax Legislation (Assessment and Collection Law as amended in 2002, article 24) regarding the filing of temporary tax returns and relevant temporary tax payments for the year 2019.
Please note that a Temporary Tax Assessment of the estimated net taxable profit for the year of 2019 (if any), should be submitted to the Tax Authorities by 31st of July 2019. The resulting tax is payable in two equal installments as per the following deadlines:
- 1st installment: 31st of July 2019
- 2nd installment: 31st of December 2019
With reference to the above subject, we would like to remind you that all companies incorporated in Cyprus, irrespective of whether they are active or not, or have assets or not, are subject to a €350 levy per annum.
The last day of payment of the annual levy for the year 2019 is the 30th of June 2019. For a late payment of the 2019 Annual Levy, a penalty will be imposed and the total amount to be paid will be as follows:
- €385 from 01/07/2019 until 31/08/2019
- €490 from 01/09/2019 until 30/11/2019
You can proceed with the payment of the annual levy online* through JCCsmart by clicking at:
https://www.jccsmart.com/e-bill/invoices/2749/pay
* (Registration to JCC is required)
We would like to inform you that the deadline in relation to the following, has been extended from the 31st of March 2019 to the 30th of April 2019:
- Electronic submission of the 2017 corporation tax return for accounting periods ending on 31 December 2017 (TD4).
- Electronic submission of the 2017 income tax return of physical persons preparing audited financial statements. (A physical person is obliged to submit audited financial statements if his/her turnover exceeds €70.000 annually.)
We would like to remind you that the 31st of March 2019 is the deadline for the following:
- Electronic submission of the 2017 corporation tax return for accounting periods ending on 31 December 2017 (TD4).
- Electronic submission of the 2017 income tax return of physical persons preparing audited financial statements. (A physical person is obliged to submit audited financial statements if his/her turnover exceeds €70.000 annually.)