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 [...]
Employers Return (IR7) 2022 Deadline 31/05/2023 We would like to remind that the electronic submission of the Employers’ Return of the year 2022 (IR7 form) is due for submission on 31 May 2023. Failure to comply with the submission deadline will result in a penalty of €100. The IR7 form entitled “Employer’s Return of Employees” is a summary statement of employees’ data, statement of [...]
Tax For All - Stage 1 VAT Launch 27 March 2023 The Tax department announced that from 27 March 2023 all tax obligations for VAT purposes will be processed exclusively, through Tax For All – TFA. For the convenience tax payers at this transitional stage, the Tax Department announced an extension to the deadline for submitting VAT Returns as follows: VAT Periods [...]
Deemed Dividend Distribution for 2022 Deadline 31/01/2023 Summary Companies with accounting profits for the tax year 2020 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 2022 and where applicable, pay the relevant SDC and GESY by the end of the following [...]
Second Provisional Tax / Temporary Tax Assessment for 2022 Deadline 31/12/2022 Second Provisional Tax for 2022 The second temporary tax return for 2022 must be submitted and the corresponding tax to be paid by the 31st of December 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 [...]
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 [...]
