2017 Tax Calendar

End of each month
– Payment of tax deducted from employees salary (PAYE) in the preceding month.
– Payment of special contribution for defence withheld on payments of dividends, interest or rents (when the tenant is a company, partnership, the state or local authority) made to Cyprus tax residents in the preceding month.
– Payment of tax withheld in the preceding month on payments to non-Cyprus residents.

31 January
– Submission of declaration of deemed dividend distribution (TD623) for the year ended 31 December 2014.

31 March
– Electronic submission of the 2015 corporation tax return (TD4) for accounting periods ending on 31 December 2015 (TD4).
– Electronic submission of the 2015 income tax return of physical persons preparing audited financial statements (2).

30 April
– Payment of premium tax for life insurance companies – first instalment for 2017.
– Non-electronic submission of 2016 personal tax returns of individuals whose incomes do not include income from a trade/business, rents, dividends, interest, royalties nor income relating to trading goodwill (1).

30 June
– Payment of special contribution for defence for the first six months of 2017 on rents if such tax is not withheld at source by tenant and on dividends or interest from sources outside Cyprus.
– Payment of 2016 personal income tax under the self assessment method by individuals not preparing audited financial statements (Note 2).
– Non-electronic submission of 2016 personal tax returns of individuals not required to prepare audited financial statements but whose incomes include income from a trade/business, rents, dividends, interest, royalties or income relating to trading goodwill (Notes 1 & 2)

31 July
– Electronic submission by employers of the total 2016 payroll (Form TD7).
– Submission of the 2017 provisional tax return and payment of the first instalment.
– Electronic submission of 2016 personal tax returns of individuals whose incomes do not include income from a trade/business, rents, dividends, interest, royalties nor income relating to trading goodwill (Note 1)

1 August
– Payment of 2016 final corporation tax under the self-assessment method.
– Payment of 2016 personal income tax under the self assessment method by individuals preparing audited financial statements (Note 2).

31 August
– Payment of premium tax for life insurance companies – second instalment for 2017.

30 September
– Electronic submission of 2016 personal tax returns of individuals not required to prepare audited financial statements but whose incomes include income from a trade/business, rents, dividends, interest, royalties or income relating to trading goodwill (Notes 1 & 2).

31 December
– Payment of provisional tax – second and last instalment for 2017.
– Payment of special contribution for defence for the last six months of 2017 on rents if such tax is not withheld at source by tenant and on dividends or interest from sources outside Cyprus.
– Payment of premium tax for life insurance companies – third and last instalment for 2017.

 

Notes:
1. Physical persons are required to submit personal tax returns only when their gross
taxable income exceeds €19.500.
2. A physical person is obliged to submit audited financial statements if his/her turnover exceeds €70.000 annually.

 

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