M. Target Group would like to kindly remind that in accordance with the Companies Law all registered entities in Cyprus are obliged to pay the Annual Registrar Fee of €350, payable until 30 June 2022. Please be also reminded that late payment may result in the following penalties: 10% penalty when there…

As announced by the Cyprus Tax Department on 8 April 2022, the submission of the income tax returns for individuals (form IR1) for the year 2021 has started and is now available via TaxisNet portal. The submission is obligatory for employees, pensioners and self-employed persons whose gross total income for the year…

Simonus Group would like to inform that the deadline for mandatory filing of beneficial owners details in the Beneficial Owners Register of companies and other legal entities was extended until 31 July 2022. Please feel free to contact us should you require any further information, clarification or professional assistance with this matter.

Simonus Group would like to remind that the following tax returns should be submitted on or before 31 March 2022: Electronic submission of 2020 tax returns (Form IR4) for companies; and Electronic submission of 2020 tax return (Form IR1 for physical persons preparing audited financial statements. Please refer to our Tax Calendar for the…