31 January

• Submission of declaration of deemed dividend distribution (Form IR623) for the year ended 31 December 2013.

31 March

• Electronic submission of the 2014 corporation income tax return (Form IR4)

• Electronic submission of the 2014 income tax return (Form IR1) for physical persons preparing audited financial statements.

30 April

• Payment of premium tax for life insurance companies – first instalment for 2016.

30 June

• Payment of special contribution for defence in relation to rents, dividends or interest from sources outside Cyprus for the first six months of 2016 (Form IR601).

• Payment of the 2015 personal income tax under a self-assessment method by employees and self-employed individuals not preparing audited financial statements (the turnover does not exceeds €70.000 annually).

• Payment of the annual levy (€350) for the year 2016.

31 July

• Electronic submission of the personal income tax return (Form IR1) for 2015 by salaried individuals whose gross income exceeds €19.500

• Electronic submission by employers of the Employer’s Return for 2015 (Form IR7).

• Submission of the 2016 temporary tax assessment and payment of the first installment for both individuals and companies.

1 August

• Payment of the 2015 final corporation tax under the self-assessment method (Form IR158).

• Payment of the 2015 personal income tax under the self-assessment method by individuals preparing audited financial statements.

31 August

• Payment of premium tax for life insurance companies – second installment for 2016.

• Payment of the immovable property tax for 2016 (with a discount of 10% on the tax due).

30 September

• Electronic submission of personal tax return for 2015 by self-employed individuals not preparing audited financial statements.

• Payment of immovable property tax for 2016 (without a discount 10% on the tax due).

31 December

• Payment of temporary tax – second and last installment for 2016.

• Payment of special contribution for defence in relation to rents, dividends or interest from sources outside Cyprus for the second six months of 2016 (Form IR601).

• Payment of premium tax for life insurance companies (third and last installment for 2016).

End of each month

• Payment of tax deducted from employees salary (PAYE) in the preceding month.

• Payment of special contribution deducted from employees salary in the preceding month.

• Payment of special contribution for defence withheld on payments of dividends, interest or rents (when the tenant is a company or partnership), made to Cyprus tax residents in the preceding month.

• Payment of social insurance deducted from employees salaries in the preceding month.

This publication has been prepared as a general guide and for information purposes only. It is not a substitution for professional advice. Authors or the publishers accepts no duty of care or liability for any loss occasioned to any person acting or refraining from action as a result of any material in this publication.

Publications

More Publications

Our Social Media

Sign up for our Newsletter

Stay up to date on the latest industry news, tax calendar events, and our team achievements

Thank you for your message. It has been sent.
There was an error trying to send your message. Please try again.