05.20
TAX MEASURES OF CYPRUS
COVID-19

Tax Updates

The Minister of Finance through the Decree issued on 22th of May 2020, has revoked and superseded the previous Decree issued on the 9th of April 2020, in relation to the extension of deadline for submission of Tax Return, in an attempt to counteract the negative impact of Covid-19.

The revised Decree provides for a further extension for the submission of the 2018 Income Tax Return for companies and self-employed persons who prepare audited financial statements, from 01st of June 2020 (in accordance to the Decree issued on the 9th of April) to 30 June 2020.

 

Contact Person:

 

Marios Palesis
Partner – Tax Department
Marios.Palesis@kinanis.com

 

Artemis Kyriakou
Associate – Tax Department
tax@kinanis.com