In general, for the granting of permit for the employment of third country nationals in Cyprus, there are several conditions which have to be met. The basic conditions are the absence of prospects to meet the specific needs of the employer by local labour force, that is to say by Cypriot or European citizens and for the number of the third country nationals who are employed by the employer not to exceed the 30% of the total personnel of the employer.
We inform our clients that according to the Cyprus Income Tax Law the dates of submission and payment of the provisional tax for the year 2020 are as follows:
Submission of return and payment of 1st installment
Payment of 2nd installment – last day of revision of provisional tax (if needed)
We inform you that the Cyprus Tax Department has extended the deadline of submission of the Tax Declarations for year 2018 until the 30th of June 2020. In case the Financial Statements of your companies have not been completed and submitted yet, please contact our accounting department and send all documents required as below not later than 31st of May 2020 to be able to prepare the Financial Statements and meet the deadlines.
In case you don't respond to our e-mail, we assume no responsibility for any late filing penalties.