Cyprus Tax Diary

31 January 2020

Submission of deemed dividend distribution declaration (TD623) for 2017

 

31 March 2020

Electronic submission of 2018 income tax return (TD4) for companies and individuals preparing audited accounts

Electronic submission of the 2018 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)

 

30 April 2020

Submission of personal tax returns for 2019 by salaried individuals with gross income exceeding €19.500

Insurance companies (life business): Payment of provisional tax for the first four months of 2020

 

30 June 2020

Submission of personal tax return (TD1) for 2019 by individuals with gross income exceeding €19.500 and who do not prepare audited accounts

Payment of 2019 tax balance through self assessment by individuals who do not prepare audited accounts

Defence tax contribution payment in relation to rents for the first half of 2020

31 July 2020

Electronic submission of employees' details and employers' return (TD7) for 2018

Electronic submission of personal tax return (TD1) for 2019 by salaried individuals 

Submission of provisional tax assessment for 2019 and payment of the first instalment

1 August 2020

Payment of tax balance for 2019 through self assessment by companies and individuals preparing audited accounts

 

31 August 2020

Insurance companies (life business): Payment of provisional tax for the second four months of 2020

 

30 September 2020

Electronic submission of personal tax return for 2019 by individuals who do not prepare audited accounts.

 

31 December 2020

Payment of the second instalment of 2020 provisional tax

Payment of defence tax contribution in relation to rents for the second half of 2019

Insurance companies (life business): Payment of provisional tax for the last four months of 2019

 

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

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