The schedule here below indicates the deadlines for the payments of tax in Cyprus throughout the year. In case where these deadlines are not followed, an interest and penalty change, depending on the circumstances, will be payable by law.
FinExpertiza Cyprus can manage these payments for you in a timely manner, avoiding penal fees and unnecessary additional efforts in resolving the situation.
| End of each Following Month |
- Payment of tax deducted from employees’ salaries (P.A.Y.E).
|
| 31st January |
- Payment of Special Contribution for Defence for deemed dividend distribution.
|
| 30th April |
- Submission of Individuals’ Personal Returns (IRI) for the previous year (extended by 3 months in case of electronic submission).
- Submission of the Payroll List (IR7) for the previous year by employers.
|
| 30th June |
- Payment of Special Contribution for Defence for the first six months of the current year on rents and on dividends or interest from sources outside Cyprus.
- Submission of Income Tax Returns by Individuals who do not submit audited financial statements, but are obligated to issue invoice, receipts, etc. (extended by 3 months in case of electronic submission).
- Payment of tax balance from previous year by individuals who do not submit audited financial statements, but are obligated to issue invoice, receipts, etc.
|
| 31st July |
- Submission of Provisional Tax Declaration (IR6) and payment of the first installment of Provisional Tax for the current year.
|
| 1st August |
- Payment of final Corporation Tax under the self-assessment method for the previous year.
- Payment of final Income Tax under the self-assessment method for the previous year by individuals preparing audited financial statements.
|
| 30th September |
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| 31st December |
- Submission of Company Tax Returns (IR4) and Income Tax Return (IR1) by individuals who submit audited financial statements for the previous year (extended by 3 months in case of electronic submission).
- Payment of the second and final installment of Provisional Tax for the current year.
- Payment of Special Contribution for Defence for the last six months of the current year on rents and on dividends or interest from sources outside Cyprus.
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Updated version for the year 2021 is available here. For more information and/or advice, please contact us via email at [email protected]
