Cyprus Tax Diary 2017


Cyprus Tax Diary 2017

End of each month

  • Payment of PAYE deducted from the employees salary in the preceding month

  • Payment of Special Defence Contribution withheld from rental payment by a company, partnership, the state or local authority in the preceding month

  • Payment of Special Defence Contribution on dividends and interest received in the preceding month

31 January

  • Submission of deemed dividends distribution declaration (IR 623) for the tax tax year 2014

31 March

  • Electronic submission of 2015 tax returns for companies (IR 4)

  • Submission of 2015 tax returns of individuals for which audited financial statements were prepared (with turnover exceeding €70,000).

30 April

  • Submission of the personal tax returns of individuals for 2016 (if gross income of employee or pensioner exceeds €19.500) (deadline will be extended by 3 months in case of electronic submission)

  • Payment of provisional tax for the first four months of 2017 by life insurance Companies

30 June

  • Payment of special contribution of defence for the first half of 2017

  • Submission of personal tax returns of individuals for the year 2016 without audited financial statements and for payments of the tax via self assessment (deadline will be extended by 3 months in case of electronic submission

31 July

  • Electronic submission of employers return for the year 2016

  • Submission of the provisional tax return and payment of the first installment of 2017

1 August

  • Payment of the corporation tax and income tax of 2016 for individuals preparing audited accounts, via self assessment

31 August

  • Payment of the provisional tax for the second four months of 2017 by life insurance companies

30 September

  • Payment of immovable property tax for 2017

31 December

  • Payment of the second and last installment for 2017 provisional tax

  • Payment of the special contribution of defence of rental for the second half of 2017

  • Payment of provisional tax for the last four months of 2017 by life insurance companies

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