25 Jan Cyprus Tax Diary
31 January 2017
Submission of deemed dividend distribution declaration (IR623) for dividend paid out of profits of 2014
31 March 2017
Electronic submission of 2015 income tax return (IR4) for companies and individuals preparing audited accounts
Electronic submission of the 2015 income tax return of physical persons preparing audited financial statements (A physical person is obliged to submit audited financial statements if his/her turnover exceeds €70.000 annually)
30 April 2017
Submission of personal tax returns for 2016 by salaried individuals with gross income exceeding €19.500
Insurance companies (life business): Payment of provisional tax for the first four months of 2017
30 June 2017
Submission of personal tax return (IR1) for 2016 by individuals with gross income exceeding €19.500 and who do not prepare audited accounts
Payment of 2016 tax balance through self-assessment by individuals who do not prepare audited accounts
Defence tax contribution payment in relation to dividends, rents, or interest from sources outside Cyprus for the first half of 2017
Payment of Companies’ Annual Levy €350 to the Registrar of Companies
31 July 2017
Electronic submission of employees’ details and employers’ return (IR7) for 2016
Electronic submission of personal tax return (IR1) for 2016 by salaried individuals with gross income exceeding €19.500
Submission of provisional tax assessment for 2017 and payment of the first instalment
1 August 2017
Payment of tax balance for 2016 through self-assessment by companies and individuals preparing audited accounts
31 August 2017
Insurance companies (life business): Payment of provisional tax for the second four months of 2017
Payment of immovable property tax for 2017 with a discount of 10% on the tax due
30 September 2017
Electronic submission of personal tax return for 2016 by individuals with gross income exceeding €19.500 and who do not prepare audited accounts.
Payment of immovable property tax for 2017 without a discount of 10% on the tax due
31 December 2017
Payment of the second instalment of 2017 provisional tax
Payment of defence tax contribution in relation to dividends, rents, or interest from sources outside Cyprus for the second half of 2017
Insurance companies (life business): Payment of provisional tax for the last four months of 2017
31 March 2018
Electronic submission of 2016 income tax return (IR4) for companies and individuals preparing audited accounts
Electronic submission of the 2016 income tax return of physical persons preparing audited financial statements (A physical person is obliged to submit audited financial statements if his/her turnover exceeds €70.000 annually)
End of each month
PAYE is deducted from the employees’ salaries for the previous month
Payment of tax withheld on payments made to non CY tax residents during the previous month
Defence tax contribution deducted from interest, dividends, or rent* made to CY tax residents in the previous month
No Comments