Areas of Practice

Tax Calendar

31 January

Declaration of Deemed Dividend Distribution for the year ended 31 December two years ago;

31 March

Electronic submission of Company’s tax returns;

30 April

Final deadline for avoidance of 5% penalty for payment of corporation tax of the penultimate year, if not paid on 1 August of previous year;

30 June

Payment of Defence Contribution Tax for first half of the year on rents and on dividends or interest from sources outside Cyprus;

31 July

Electronic submission of employer’s return and employees Details;

31 July

Temporary Tax Declaration – 1st Instalment payment;

1 August

Payment of balance of tax for the previous year with self-assessment method;

31 December

Temporary Tax Declaration – 2nd Instalment payment;

31 December

Payment of Defence Contribution Tax for second half of the year on rents and on dividends or interest from sources outside Cyprus;

End of each month

Payment of Special contribution for Defence withheld on payments of dividends, interest or rents made to Cyprus Tax residents in the preceding month;

End of each month

Payment of tax deducted from employees’ salaries (PAYE).

VAT

40 days after the end of the VAT period

Submission of VAT return and payment of VAT or claim for refund

15th of each month

Submission of VIES return.