ARTICLE
12 November 2018

Extension Of Due Date For Payment Of Individuals' 2017 Income Tax Liability

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Elias Neocleous & Co LLC

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Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
The Cyprus Tax Department has announced an extension of the time allowed for employed and self-employed individuals who are not required to submit audited financial statements ...
Cyprus Tax

The Cyprus Tax Department has announced an extension of the time allowed for employed and self-employed individuals who are not required to submit audited financial statements to pay their income tax for 2017. Until the end of November payment of any balance due in respect of 2017 income tax may be made via the JCCsmart website without interest and penalties being imposed.

The payment date for Special Contribution for Defence for 2017 has now passed, and payment may only be made at local District Tax Offices, and will be subject to interest and penalties.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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