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On Friday October 15th the Cyprus Government announced its new Action Plan for attracting new companies for operate or expand their activities in the island. The new strategy is in line with the guidelines European Commission and the Recovery and Resilience Facility and aims to introduce Cyprus as an ideal jurisdiction for High Tec, Research and Development and Shipping investments and also improve its attractiveness in Europe.

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The Cyprus Tax Department announced the extension of the deadline for the submission of corporate income tax return for 2019 and the 2019 income tax return filed by individuals preparing audited financial statements

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Further extension is given for the submission of the DAC6 information.

Based on the announcement received on September 21st, the Cyprus Tax Department announces that there will be no imposition of administrative fines for overdue submission of DAC6 information that will be submitted until the 30th November 2021,

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CYPRUS TAX CALENDAR AND TAX BOOKLET 2022