On 21 December 2021, two amending laws (available in Greek only) were published in Cyprus' official gazette that aim to strengthen the country's tax framework for the prevention of tax abuse. The new provisions amend the Special Defence contribution and the Income Tax Law and are effective as from 31 December 2022.
The Department of Registrar of Companies announced that the Minister of Energy, Commerce and Industry, issued a decree on 21 of December 2021 according το Section 391(5)(b) Cap.113, by which, the deadline for payment of the Annual Levy by registered companies for the year 2021 is extended to March 31, 2022 with no additional charge.
Cyprus Tax Department, on November 22nd of 2021 informed the public that there will be an extension of the imposition of administrative fines for overdue submission of information with regards to the DAC6 Directive. Based on the announcement of the Tax Department the submission of disclosing information has been extended to 31st January of 2022.