Use the tax calendars for specific due dates for filing your tax forms and paying your taxes. Different due dates apply to individuals and corporations, and certain individuals have due dates that do not pertain to others.

  • Payment of tax deducted from employees salary (PAYE) in the preceding month.
  • Payment of special contribution for defence withheld on payments of dividends, interest or rents (when the tenant is a company, partnership, the state or local authority) made to Cyprus tax residents in the preceding month.
  • Payment of tax withheld in the preceding month on payments to non-Cyprus residents.

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

  • Electronic submission of the 2014 corporation tax return (IR4) for accounting periods ending on 31 December 2014 (IR4).
  • Electronic submission of the 2014 income tax return of physical persons preparing audited financial statements (2).

  • Payment of premium tax for life insurance companies - first instalment for 2016.
  • Non-electronic submission of 2015 personal tax returns of individuals 

  • Payment of special contribution for defence for the first six months of 2015 on rents and on dividends or interest from sources outside Cyprus.
  • Payment of 2015 personal income tax under the self assessment method by individuals not preparing audited financial statements (2).
  • Non-electronic submission of 2015 personal tax returns of individuals not required to prepare audited financial statements but whose incomes include income from a trade/business, rents, dividends, interest, royalties or income relating to trading goodwill (1) (2).

  • Electronic submission by employers of the total 2015 payroll (Form IR7).
  • Submission of the 2014 provisional tax return and payment of the first instalment.
  • Electronic submission of 2015 personal tax returns of individuals whose incomes do not include income from a trade/business, rents, dividends, interest, royalties nor income relating to trading goodwill (1).

  • Payment of 2015 final corporation tax under the self-assessment method.
  • Payment of 2015 personal income tax under the self assessment method by individuals preparing audited financial statements (2).

  • Payment of premium tax for life insurance companies - second instalment for 2016.
  • Payment of immovable property tax for 2016 with a discount of 10% on the tax due.

  • Submission of 2015 personal tax returns of individuals not required to prepare audited financial statements but whose incomes include income from a trade/business, rents, dividends, interest, royalties or income relating to trading goodwill (1) (2) and payment of tax via the self-assessment method.
  • Payment of immovable property tax for 2016 without discount.

  • Payment of provisional tax - second and last instalment for 2016.
  • Payment of special contribution for defence for the last six months of 2016 on rents and on dividends or interest from sources outside Cyprus.
  • Payment of premium tax for life insurance companies - third and last instalment for 2016.

  1. Physical persons are required to submit personal tax returns only when their gross income exceeds €19.500.
  2. A physical person is obliged to submit audited financial statements if his/her turnover exceeds €70.000 annually.

The official interest rates, as set by the Finance Minister are shown below:

PeriodInterest Rate
%
2015-20164
20144.50
2013 4.75
2011 - 20125
20105.35
2007 - 20098
up to 20069

 

Penalties are charged according to the circumstances.