Deadline for submission of certain Tax Forms on 31/03/2022
On 31 March 2022, the following tax forms are due for submission without the imposition of penalties:
Deemed Dividend Distribution for 2019 profits
Cyprus tax resident companies must declare at least 70% of their 2019 accounting profits by 31 December 2021 and pay the resulting special contribution for defence of 17% and National Health Contribution of 2,65% by 31 January 2022.
Deadline for revision of Provisional Taxes and payment of 2nd Instalment
The due date for revision of the provisional chargeable profit and provisional tax is before 31 December 2021.
No penalty of €100 for Tax returns submitted until 06.12.2021
Yesterday the Minister of Finance announced that there will be no imposition of the €100 penalty fee for tax returns that are submitted by Monday 06 December 2021.
Extension of 2019 Tax Return submission for Companies and Self-Employed Individuals
The deadline for the submission of the 2019 Tax Return for Companies (T.D.4) and Self-employed individuals who prepare audited financial statements (T.D.1A) has been extended to 30 November 2021.