Measures announced to tackle the effects of Covid-19

 

Annual Levy

The payment of the annual levy for 2020 due by 30/6/2020 is extended until 31/12/2020 without any late payment penalties.

Annual Returns

The annual returns dated from 1/1/2020 to 31/12/2020 may be submitted until 28/1/2021 without any late submission penalties.

Campaign by the Registrar of Companies in relation to the filing of overdue annual returns by companies

The process of publishing in the Official Gazette of the Republic of the three (3) months’ notice before striking off for companies not complying with their obligation to file their annual returns is suspended until January 2021.

Income Tax Returns

The deadline for submission of the income tax return (IR4) for the year 2018 due by 31/3/2020 is extended to 1/6/2020.

 

Nicosia April 2020

 

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