The Cyprus Tax Department has announced an extension of the time allowed for banks and other financial institutions to submit their corporate tax returns for the tax year 2017.

Unlike other companies, which must submit their tax returns electronically, banks and other financial institutions are required to submit a hard-copy tax return, giving additional details of their business, by the end of the year following the tax year in question. For the tax year 2017, this deadline has been extended by one month, to 31 January 2019.

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