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Posts Tagged ‘Tax Pentalties’

Special Contribution for Defense and General Healthcare System Withheld on Dividend and Interest Payments

The deadline for electronic submission of the declarations for Special Contribution for Defense and General Healthcare System contributions withheld on...

Public Interest Rate for 2022

With a decree issued on 31 December 2021, the Minister of Finance of the Republic of Cyprus has kept the public interest rate for 2022 the same as in 2021, at 1.75%.

Deemed Dividend Distribution

The Deemed Distribution (DD) provisions apply where a Cyprus tax resident company has not distributed as a dividend at least 70% of its after-tax profits...

No Administrative Fines for Submission of Tax Returns until 6 December 2021

The Ministry of Finance of the Republic of Cyprus announced on 1 December 2021 that there will be no imposition of administrative fines for the electronic submission...

Further Extension to Deadline for Submission of 2019 Tax Returns

The Ministry of Finance of the Republic of Cyprus issued a decree on 24 September 2021 based on which the deadline for submission of...

Extended Deadline for Payment of Residual Income Tax for 2020

Through a directive issued on 30 July 2021 by the Minister of Finance, the a deadline has been extended...

Income Tax Return for 2020: Further Extension of Submission Deadline

The Cyprus Tax Department has recently announced that the deadline for submission of the Income Tax Return for 2020 will be extended further from...

Income Tax Return for 2020: Exemption from Submission

Individuals with annual gross income below €19,500 are exempted from the obligation to submit an income tax return for 2020.

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