In continuation of the Cyprus registrar’s announcement from November 2019 regarding the new penalty system for the annual returns (HE32) of 2019, we would like to inform you that the registrar has decided to extend the period of filing the annual returns without penalties to 18/04/2020.
Second and final installment of your computed provisional tax is due for settlement with the Tax Department by 31st December 2019.
Estimated taxable income can be revised (upwards/downwards) by submitting a revised Temporary Tax Return any time prior to 31st of December of the tax year.
You can contact our Tax department for more information
The new Protocol to the Double Tax Treaty between Cyprus and Ukraine was agreed back in 2015 and was ratified by the Cyprus Government on 11 December 2015.
On 30 October 2019, the Ukrainian Parliament approved the ratification of the protocol.
Thus, the Protocol is now in force and will be in effect on 1 January 2020.