Final Corporation Tax Payment Deadline 2023 Deadline 01 August 2024 Key Deadline: 1 August 2024: This is the deadline for paying the final tax for the year 2023 for companies and self-employed individuals who prepare audited financial statements. Important Information: To avoid any penalties and interest, it is crucial to settle any outstanding tax balances by the specified deadline. Below are the [...]
Temporary Tax 1st Instalment Deadline 31 July 2024 First Provisional Tax for 2024 The first temporary tax return for 2024 must be submitted and the corresponding tax to be paid by the 31st of July 2024. 1. Introduction to temporary tax assessments 1.1. Applicable to: Cyprus Companies with taxable income Individuals with taxable income other than salaries, pensions, dividends and interest 1.2. [...]
2023 Personal Income Tax Return Submission Deadline 31 July 2024 Tax Department announced the release of the 2023 Personal Income Tax Return (TD1 form). The TD1 form is now available for submission via the TaxisNet system. Submission obligations apply to the following: Employees and pensioners with a gross annual income exceeding €19,500. Self-employed individuals with an annual turnover not exceeding €70,000 and [...]
Income Tax Return 2023 Deadline 31/07/2024 SUBMISSION OF PERSONAL INCOME STATEMENT 2023 The Tax Department announced that the 2023 Income Tax return for individuals is available at the TaxisNet system at the address https://taxisnet.mof.gov.cy. Based on Decree of the Council of Ministers (KDP 184/20223) obligation to submit a Personal Income Statement for the year 2023 have Employees, Pensioners and Self Employed whose [...]
Annual Levy abolished from 2024 onwards The Department of Registrar of Companies and Intellectual Properties announced that, according to the Amending Companies Law 2024, N.25(I)/2024, published in the Official Gazette of the Republic on March 15, 2024, the annual levy for the companies registered in the Cyprus' Registrar of Companies will be abolished from 2024 onwards.However, it should be noted that the annual levies for the years [...]
Deemed Dividend Distribution for 2023 Deadline 31/01/2024 Cyprus tax resident companies with accounting profits for the tax year 2021 that fall within the DDD provisions, must declare at least 70% of its accounting profits of the year 2021 by 31 December 2023 and where applicable, pay the relevant Special contribution for defence of 17% and National Health Contribution of 2,65% by 31 [...]
Second Provisional Tax / Temporary Tax Assessment for 2023 Deadline 31/12/2023 Second Provisional Tax for 2023 The second temporary tax return for 2023 must be submitted and the corresponding tax to be paid by the 31st of December 2023. 1. Introduction to temporary tax assessments 1.1. Applicable to: Cyprus Companies with taxable income Individuals with taxable income other than salaries, pensions, dividends [...]
First Provisional Tax / Temporary Tax Assessment for 2023 Deadline 31/07/2023 First Provisional Tax for 2023 The first temporary tax return for 2023 must be submitted and the corresponding tax to be paid by the 31st of July 2023. 1. Introduction to temporary tax assessments 1.1. Applicable to: Cyprus Companies with taxable income Individuals with taxable income other than salaries, pensions, dividends [...]
Tax Deadline Extension for submission of 2022 Tax returns Individuals (not preparing accounts) to 2 October 2023 We would like to inform you that the Tax Department announced the extension of the deadline for the submission of the Tax Return for Individual for the year 2022 is until the 2nd of October 2023. As mentioned in a previous announcement by the Tax Department [...]
Annual Levy for Cyprus Companies for 2023 Deadline 30/06/2023 Reminder for the payment of the Annual Levy for 2023 by 30 June 2023 Introduction All Cyprus Companies are required to pay the Annual Levy of €350 to the Registrar of Companies by the 30 June every year. The Annual Levy is paid by all Cyprus companies, irrespective of whether they are active [...]
