Globalserve Consultants Ltd would like to remind you that for all the Cyprus companies, the 2020 levy of a €350 is payable until December 31st 2020, after the due date penalties will be applied.
We would like to inform you that the second installment of the "Provisional Tax 2020" is payable until 31 December 2020.
The provisional tax is calculated on the profits that are expected to arise in the year 2020 for companies and self-employed persons.
**Remember that the corporate tax rate is 12.5%.
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. Financial Statements of 2019 together with the Annual Return of 2020 must be submitted to the Registrar until 28 January 2021 and the Financial Statements for the year 2019 must be submitted to the Tax Authorities until 31 March 2021.
