accountant typing on a laptop

Following the Obstruction and Combating Money Laundering Activities Law of 2007-2019 as amended in 2018 voted by the Cyprus Parliament, a legislation which resulted  from the mandatory  4th European AML Directive (EE 2015/849) for the prevention of the use of the financial system for money laundering activities or for the financing of terrorism, we would like to inform you that the Cyprus Council of Ministers has appointed recently the Cyprus registrar of Companies as the appropriate governmental department to proceed with the establishment of a central registry of beneficial ownership of companies and other legal entities existing in its records in Cyprus.

European Flag

The Cyprus Tax Department announced that the European Council Directive 2018/822 known as DAC6, is expected to be incorporated into the Cyprus legislation within the current month.

Accountant paper with numbers

Αll Cyprus companies regardless if they are dormant or not, have an obligation to prepare and file audited financial statements to both the Registrar of Companies and the Tax Authorities. All companies to be up to date and in good standing should prepare and file Financial statements until 2020. Companies that were incorporated in the second half of 2020 will prepare financial statements together with 2021.

WE ARE PROVIDING YOU
PRIME PROFESSIONAL SUPPORT.

Get ready for experienced, tailored guidance

TALK TO AN EXPERT

CYPRUS TAX CALENDAR 2020 IN ENGLISH & GREEK