Due to the adverse economic conditions caused by COVID-19, the Cyprus Parliament voted Αmended Laws relating to the submission of income tax returns and the payment of taxes for the year 2020.
The Amended Laws have been published in the Cyprus Government Gazette (in force as of 20 April 2020) and stipulate the following:
- The deadline for submitting the personal income tax return for individuals (T.D.1 Form) for the year 2020 as well as the payment of any taxes due based on the tax return to be submitted are extended from 31 July 2021 to 30 September 2021.
- The deadline for submitting the employers’ return (T.D. 7 Form) for the year 2020 is extended from 31 May 2021 to 30 September 2021.
- The deadline for the payment of the second instalment of tax due based on the provisional tax return filed for the year 2020, which was due for payment on 31 December 2020, is extended to 30 September 2021 without the payment of interest and penalties.
The tax department of PHS & Partners Ltd is at your disposal should you require any further information or clarifications on this or on any other tax matter.
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If you want to work with professionals who provide exceptional quality standards of services in Cyprus, the simplest way is to fill in the contact form below.
We will take you through a step by step process from A to Z in creating the perfect business structure in Cyprus.
Can’t wait any longer? Become even more successful by working with accountants you can count on and be among the thousands business that already did.