On 30 July 2021, Cyprus’ Ministry of Finance issued various decrees providing an extension for the payment the final tax due (as per the relevant income tax return) for tax year 2020 for companies with turnover that exceeds EUR 70,000 and with an obligation to prepare audited financial statements. Accordingly, the settlement date for companies to pay the final amount of tax for the year 2020 is 30 September 2021.
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