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Cyprus Tax Diary

31st January 2021

  • Submission of deemed dividend distribution declaration (TD623) for 2018

31st March 2021

  • Electronic submission of 2019 income tax return (TD4) for companies and individuals preparing audited accounts
  • Electronic submission of the 2019 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)

30th April 2021

  • Insurance companies (life business): Payment of provisional tax for the first four months of 2021

30th June 2021

  • Submission of personal tax return (TD1) for 2020 by individuals with gross income exceeding €19.500 and who do not prepare audited accounts
  • Payment of 2020 tax balance through self-assessment by individuals who do not prepare audited accounts
  • Defense tax contribution payment in relation to dividends, rents, or interest from sources outside Cyprus for the first half of 2021

31st July 2021

  • Electronic submission of employees’ details and employers’ return (TD7) for 2020
  • Electronic submission of personal tax return (TD1) for 2020 by salaried individuals with gross income exceeding €19.500
  • Submission of provisional tax assessment for 2021 and payment of the first instalment

1st August 2021

  • Payment of tax balance for 2020 through self-assessment by companies and individuals preparing audited accounts

31st August 2021

  • Insurance companies (life business): Payment of provisional tax for the second four months of 2021

30th September 2021

  • Electronic submission of personal tax return for 2020 by individuals with gross income exceeding €19.500 and who do not prepare audited accounts.
  • Payment of immovable property tax for 2021 without a discount of 10% on the tax due

31st December 2021

  • Payment of the second instalment of 2021 provisional tax
  • Payment of defense tax contribution in relation to dividends, rents, or interest from sources outside Cyprus for the second half of 2022
  • Insurance companies (life business): Payment of provisional tax for the last four months of 2021

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
  • Defense tax contribution deducted from interest, dividends, or rent made to CY tax residents in the previous month
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