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Posts Tagged ‘Tax Pentalties’

Extension of Deadline for Submission of 2020 Tax Returns

With a decision of the Cyprus Parliament on 24 March 2022, the deadline for submitting the tax return for 2020 for companies (TD4) and individuals with...

Exemption from Submission of Personal Income Tax Return for 2021

Through a decree by the Council of Ministers of the Republic of Cyprus issued on 4 February 2022, individuals whose gross annual income is below...

Withholdings on Dividend and Interest Payments – Extension of Deadline for Submission of Declarations

The Tax Department announced on 26 January 2022 that the deadline for electronic submission of the declarations for Special Contribution for Defense (SCD) and General Healthcare System (GHS) contributions...

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...

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