| Timeframe | Obligation |
| By the End of Each Month | • Payment of tax deducted from employees salary (PAYE) in the previous month. |
| • Payment of Social Insurance and General Healthcare Contributions (GHS) deducted from employees’ emoluments during the previous month. | |
| • Payment of Special Defence Contribution (SDC) and General Health Contribution withheld on payments of dividends, interest or rent (when the tenant is a Cyprus company, partnership, the state or local authority), paid to Cyprus tax residents in the previous month. Submission of relevant tax form (TD603). | |
| By the 10th of the second month following the end of the quarter | • Submission and payment of the Social Insurance Contributions (SIC) for self-employed individuals. |
| By the 10th of the second month after the end of the VAT period. | • Submission of VAT return and payment of VAT amount due. |
| • Submission of Intrastat form. | |
| By the 15th of the second month after the end of the VAT period. | • Submission of VIES form. |
| One month after the end of the quarter | • Submission and payment of the One-Stop-Shop (OSS) to the Central Bank of Cyprus for companies who provide services to individuals within the EU |
| 31st of January | • Submission of the Deemed Dividend Distribution declaration (Form TD623) and payment of relevant SDC contributions and General Health Contribution (GHC). |
| • Submission of DAC6 report for Reportable Cross-Border Transactions. | |
| 31st of March | • Electronic submission of company’s tax return (TD4) of companies. |
| • Electronic submission of self-employed individual tax return (TD1) who prepares audited financial statements (i.e. with turnover exceeding €70.000). | |
| 31st of May | • Electronic submission of prior year Employer’s Return (Form IR7). |
| Timeframe | Obligation |
| 30th of June | • Payment of Special Contribution for Defence (SDC) and General Health Contribution (GHC) for the first six months of the Current Year on rents- if such tax is not withheld at source by the tenant and on dividends or interest from sources outside Cyprus. (Form TD601). |
| • Payment of Annual Levy of €350 to the Register of Companies by all registered Companies. | |
| 31st of July | • Declare the provisional income tax for the current year and arrange the payment of first instalment (50% of the total amount). |
| • Electronic submission of Previous year personal income tax return (TD1) for individuals and payment of final income tax by employees and pensioners. | |
| • Payment of Previous Year personal final tax under the self tax assessment period for physical persons who do not prepare audited financial statements (i.e. who earn less than €70.000 per annum). | |
| 1st of August | • Payment of Previous Year final corporation tax by the Companies under the self-assessment method. |
| • Payment of Previous Year final tax by self-employed Individuals who prepare audited financial statements under the self-assessment method. | |
| 31st of December | • Arrange to revise the provisional income tax (if necessary) for the current year and arrange the payment of second instalment (50% of the total amount). |
| • Payment of Special Contribution for Defence (SDC) and General Health Contribution (GHC) for the last six months of the Current Year on rents- if such tax is not withheld at source by the tenant and on dividends or interest from sources outside Cyprus. (Form TD601). |
If you have any question for our Cyprus Tax Calendar, please contact us.
