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EY Cyprus COVID-19 Updates

Extension of the deadline for payment of contributions to the Social Insurance Fund

On 6 April 2020, the Ministry of Labour, Welfare and Social Insurance announced the publication of a Decision (Decision No 7 – Decree 150/2020) in the Official Gazette of the Republic which extends the deadline for payment of contributions to the Social Insurance Fund.

Following the above decision, contributions to the Social Insurance Fund as well as to the other funds administered by the Social Insurance Department on employee insurable emoluments for February 2020, which were normally payable to the Social Insurance Department by 31 March 2020, may be settled by 14 April 2020 without the imposition of any additional charges.

Read all the details here.

Our team remains at your disposal for more information and support. 

For additional information with respect to this Alert, please contact the following:

Petros Liassides

Partner, Tax Services

Tel: +357 22 209 797

Petros.Liassides@cy.ey.com

 

Herodotos Hadjipavlou

Assistant Manager, Direct Tax Services

Tel: +357 22 209 788

Herodotos.Hadjipavlou@cy.ey.com

 

 

 

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