On 21 July 2020, the Cyprus tax department announced to further extends the deadlines for tax debt settlements for periods that ended by Dec. 31, 2015. The deadlines are extended to 14 January 2021 from 14 August 2020 to settle debts finalized by Feb. 14. In addition, the deadline for submitting returns for tax years up to 2015 is extended to 30 November 2020.
World Tax Brief: August 2020
Related Posts
Cyprus: Council of Ministers approves signing of amending protocol to tax treaty with Sweden
The Council of Ministers of Cyprus approved, on 24 April 2026, the signing of a protocol to amend the existing income tax treaty with Sweden. The decision, published in the Official Gazette on the same date, authorises amendments to the 1988
Read MoreCyprus tax authority publishes low-tax jurisdiction list for defensive tax measures
Cyprus Tax Department issued Circular 1/2026 on 9 April 2026, which formally establishes the list of jurisdictions classified as low-tax jurisdictions for the 2026 tax year. This circular is a critical component of Cyprus's implementation of
Read MoreCyprus extends 2025 PAYE annual tax return deadline
The Cyprus Tax Department has announced, on 9 April 2026, an extension for employers submitting their annual Pay As You Earn (PAYE) income tax withholding returns for the 2025 tax year. The revised deadline is now 30 September 2026. Employers
Read MoreCyprus enacts DAC8 amendments with lawyer privilege, client notification rule clarifications
The Cyprus Tax Department has announced that the Administrative Cooperation in the Field of Taxation (Amending) Law of 2026 (Law No. 38(I)/2026) entered into force on 1 January 2026, following its publication in the Official Gazette on 27 March
Read MoreCyprus introduces temporary zero VAT on meat, fish
The Cyprus Ministry of Finance has announced on 31 March 2026 a temporary tax relief measure that will eliminate VAT on fresh meat and fish products for six months, effective 6 April 2026 through 30 September 2026. The tax exemption applies to
Read MoreCyprus: DAC 8 crypto reporting rules enters into force
The Cyprus Tax Department announced on 2 April 2026Β that the Administrative Cooperation in Taxation Law (Amendment) of 2026 (DAC8) officially entered into force on 1 January 2026, introducing new reporting obligations for cryptocurrency service
Read More