Cyprus: Operation of registry of beneficial owners; extended deadline for individual income declaration of 31 August

Reports about recent tax-related developments

Reports about recent tax-related developments

The KPMG member firm in Cyprus has prepared reports about the following tax-related developments.

  • The Department of the Registrar of Companies and Intellectual Property of the Ministry of Energy, Commerce and Industry, informs the business community that the operation of the interim solution for registration in the register of beneficial owners for companies and other legal entities will continue beyond 31 July 2022, and until the implementation of the final solution for which the Department will make an announcement soon.
  • According to a decision of the Council of Ministers, a decree will be issued stating that the deadline for filing tax returns of an individual (employee, pensioner and self-employed without accounts), as well as the deadline for the payment of the tax due according to the declaration (self-taxation), for the tax year 2021, will be extended and the new deadline will be 31 August 2022.

Read a July 2022 report prepared by the KPMG member firm in Cyprus


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