First Provisional Tax / Temporary Tax Assessment for 2022 Deadline 31/07/2022 First Provisional Tax for 2021 The first temporary tax return for 2022 must be submitted and the corresponding tax to be paid by the 31st of July 2022. 1. Introduction to temporary tax assessments 1.1. Applicable to: Cyprus Companies with taxable income Individuals with taxable income other than salaries, pensions, dividends [...]
Release of Income Tax Return Declaration for Individuals for 2021 Deadline for submission - 31 July 2022 We would like to inform you that the Tax Department announced today (8/4/2022) the commencement of the process for submission of the Income Tax Return Declaration for Individuals for the tax year 2021. The Income Tax Return for 2021 is available and can be submitted [...]
Tax Deadline Extension for submission of 2020 Tax returns of Companies and Individuals to 31/7/2022 We would like to inform you that the deadline for the submission of 2020 income tax returns of companies (T.D.4 form) and self-employed individuals whose turnover exceeds the amount of €70.000 and have the obligation to prepare audited accounts (T.D.1 form for self-employed) was extended from 31 March [...]
Tax Deadlines 31 March 2022 Applicable for companies and self-employed who prepare audited accounts. Tax Deadlines as at 31 March 2022: Electronic submission of 2020 corporate tax returns (Form IR4). Electronic submission of 2020 tax return (Form IR1) for individuals preparing audited financial statements. Electronic submission of forms for the withholding of Special Defence Contributions (SDC) and Cyprus General Healthcare System (CGHS) [...]
Deemed Dividend Distribution as at 31 December 2021 Deadline 31/01/2022 Summary Companies with accounting profits for the tax year 2019 that fall within the DDD provisions, would have to declare an appropriate amount of dividend, in order to meet the 70% threshold of distributed profits on or before 31 December 2021 and where applicable, pay the relevant SDC and GESY by the [...]
Second Provisional Tax / Temporary Tax Assessment for 2021 Deadline 31/12/2021 Second Provisional Tax for 2021 The second temporary tax return for 2021 must be submitted and the corresponding tax to be paid by the 31st of December 2021. 1. Introduction to temporary tax assessments 1.1. Applicable to: Cyprus Companies with taxable income Individuals with taxable income other than salaries, pensions, dividends [...]
Extension of the deadline for the submission of the 2019 Corporate Income Tax return (IR4) and the 2019 Personal Income Tax return (IR1A) of individuals preparing audited financial statements (FS) Extended Deadline 30 November 2021 In accordance with the amendment of the Assessment and Collection of Taxes law published on 24 September 2021, the following deadlines are extended to 30 November 2021: Electronic [...]
Extension of 2020 Personal Income Tax form submission and final tax payment deadlines In accordance with the amendment of the Assessment and Collection of Taxes law published on 30 July 2021, the 2020 Income tax form and 2020 final tax payment are extended as below: Employees and Pensioners: Electronic submission and payment of the final tax of the 2020 personal income tax return [...]
Exemption from the obligation to submit a personal income tax return for the tax year 2020 for individuals with annual gross income below €19,500 As revised with the Decree issued by the Council of Ministers on 9 July 2021, Cyprus taxed individual with annual gross income below €19,500 are exempted from the obligation to submit a personal income tax return for tax [...]
First Provisional Tax / Temporary Tax Assessment for 2021 Deadline 31/07/2021 First Provisional Tax for 2021 The 1st temporary tax return for 2021 must be submitted and the corresponding tax to be paid by the 31st of July 2021. Introduction to temporary tax assessments Cyprus Companies and Self-employed individuals must submit their 1st and 2nd temporary tax (provisional tax) returns before the [...]
