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Cyprus Extends Tax Compliance Dates In Light Of COVID-19

by Lorys Charalambous, Tax-News.com, Cyprus

15 April 2020


The Cyprus Government has announced a number of extensions to tax return filing dates.

In a number of separate decisions, the Government has extended the deadline for annual corporate income tax returns and for personal income tax returns for the 2018 tax year from March 31, 2020, to May 31, 2020.

Value-added tax payments for the tax periods ending February 29, March 31, and April 30, 2020, may instead be paid by November 10, 2020, without the imposition of penalties or interest. VAT returns must still be submitted by the standard deadlines. Certain taxpayers are not eligible, such as food retailers and utility suppliers.

Finally, Cyprus has extended the deadline for the payment of tonnage tax and the annual fee for 2020 from March 31, 2020, to May 31, 2020, and cut the various rates of general health contribution (GSEY) during April, May, and June 2020.

TAGS: tonnage tax | tax | value added tax (VAT) | interest | food | Cyprus | penalties | retail

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