Tax Calendar

End of each month Payment of PAYE deducted from employees’ salaries for the previous month.
Payment of tax withheld on payments made to non tax residents during the previous month.
Payment of special defence contribution withheld on dividends, interest or rent* in the previous month to Cyprus tax residents.

* Where the tenant is a Cyprus company, partnership, the Government or any local authority there is an obligation to withhold special defence contribution on the amount of the rent paid.

31 January Submission of the deemed dividend distribution declaration (IR 623) for the tax year 2014
31 March Electronic submission of the 2015 income tax return (IR1/IR4) for individuals and companies preparing audited financial statements
Submission of return and payment of the first installment of the special tax levy by Credit Institutions for 2017
30 April Submission of the 2016 personal tax returns (IR 1) by salaried individuals whose gross income exceeds €19.500 for the tax year 2016
Payment of the first installment of the premium tax for insurance companies (life business) for the first quarter of 2017
30 June Submission of the 2016 personal tax return (IR1) by individuals who do not prepare audited financial statements if their gross income exceeds €19.500
Payment of tax balance for 2016 through self assessment by individuals (excluding those individuals who prepare audited financial statements)
Payment of special contribution for defence on rents, dividends or interest from sources outside Cyprus for the first 6 months of 2017
Payment of the second installment of the special tax levy by Credit Institutions for 2017
31 July Electronic submission of the 2016 personal tax return (IR1) by salaried individuals whose gross income exceeds €19.500
Electronic submission of the 2016 employers’ return (IR7) and employees’ details
Submission of the 2017 provisional tax return and payment of the first installment
1 August Payment of the 2016 tax balance through self assessment by individuals and companies preparing audited financial statements
31 August Payment of the second installment of the premium tax for insurance companies (life business) for the second quarter of 2017
30 September Electronic submission of the 2016 personal tax return (IR1) by individuals who do not prepare audited financial statements if their gross income exceeds €19.500
 Payment of the third installment of the special tax levy by Credit Institutions for 2017
 31 December  Payment of the second installment of the 2017 provisional tax
Payment of special contribution for defence on rents, dividends or interest from sources outside Cyprus for the last 6 months of 2017
Payment of the third installment of the premium tax by insurance companies (life business) for the last quarter of 2017
Payment of the fourth installment of the special tax levy by Credit Institutions for 2017