TAX AND OTHER DEADLINES

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TAX AND OTHER DEADLINES

JANUARY

10/1 Submission of VAT return and payment of the VAT liability for the period September-November
10/1 Submission of INTRASTAT return for the previous month
15/1 Submission of VIES statement for the previous month
31/1 Submission of return (IR623) and payment of Special Contribution to the Defense fund for deemed distribution purposes for profits of the year ended 31 December, two years before (ie 31/1/2019 for 2016)
31/1 Payment of PAYE tax withheld from employees’ salaries of the previous month
31/1 Payment of Special Contribution to the Defense fund withheld from dividends, interest and rent payments during the previous month (Note. 5)
31/1 Payment of contributions to the Social Insurance and other funds from employers for the previous month

FEBRUARY

10/2 Submission of VAT return and payment of the VAT liability for the period October-December
10/2 Submission of INTRASTAT return for the previous month
10/2 Payment of contributions to the Social Insurance and other funds from self-employed individuals for the period October-December
15/2 Submission of VIES statement for the previous month
28/2 Payment of PAYE tax withheld from employees’ salaries of the previous month
28/2 Payment of Special Contribution to the Defense fund withheld from dividends, interest and rent payments during the previous month (Note. 5)
28/2 Payment of contributions to the Social Insurance and other funds from employers for the previous month

MARCH

10/3 Submission of VAT return and payment of the VAT liability for the period November-January
10/3 Submission of INTRASTAT return for the previous month
15/3 Submission of VIES statement for the previous month
31/3 Submission through TAXISnet of the corporate income tax return (IR4) for companies and personal income tax return (IR1) for self-employed individuals that prepare accounts of the previous year. (ie 31/03/2019 for 2016. (Notes 2&4)
31/3 Payment of PAYE tax withheld from employees’ salaries of the previous month
31/3 Payment of Special Contribution to the Defense fund withheld from dividends, interest and rent payments during the previous month (Note. 5)
31/3 Payment of contributions to the Social Insurance and other funds from employers for the previous month

APRIL

10/4 Submission of VAT return and payment of the VAT liability for the period December-February
10/4 Submission of INTRASTAT return for the previous month
15/4 Submission of VIES statement for the previous month
30/4 Payment of PAYE tax withheld from employees’ salaries of the previous month
30/4 Payment of Special Contribution to the Defense fund withheld from dividends, interest and rent payments during the previous month (Note. 5)
30/4 Payment of contributions to the Social Insurance and other funds from employers for the previous month

MAY

10/5 Submission of VAT return and payment of the VAT liability for the period January-March
10/5 Submission of INTRASTAT return for the previous month
10/5 Payment of contributions to the Social Insurance and other funds from self-employed individuals for the period January-March
15/5 Submission of VIES statement for the previous month
31/5 Payment of PAYE tax withheld from employees’ salaries of the previous month
31/5 Payment of Special Contribution to the Defense fund withheld from dividends, interest and rent payments during the previous month (Note. 5)
31/5 Payment of contributions to the Social Insurance and other funds from employers for the previous month

JUNE

10/6 Submission of VAT return and payment of the VAT liability for the period February-April
10/6 Submission of INTRASTAT return for the previous month
15/6 Submission of VIES statement for the previous month
30/6 Payment of Special Contribution to the Defense Fund for the first six months of the current year (Note 6)
30/6 Payment of the Annual Levy to the Registrar of Companies
30/6 Payment of the final tax liability of the previous year with self-assessment from employees and self-employed individuals not submitting audited accounts (ie 30/06/2018 for 2017) (Note 7)
30/6 Payment of PAYE tax withheld from employees’ salaries of the previous month
30/6 Payment of Special Contribution to the Defense fund withheld from dividends, interest and rent payments during the previous month (Note. 5)
30/6 Payment of contributions to the Social Insurance and other funds from employers for the previous month

JULY

10/7 Submission of VAT return and payment of the VAT liability for the period March-May
10/7 Submission of INTRASTAT return for the previous month
15/7 Submission of VIES statement for the previous month
31/7 Submission by employers of the total payroll return (IR7) of the previous year (ie 31/7/2018 for 2017)
31/7 Submission of provisional tax declaration and payment of the first installment for the current year’s expected tax liability
31/7 Submission through TAXISnet of the personal income tax return (IR1) of the previous year from employed individuals (ie 31/7/2016 for 2015). (Notes 2&3&7)
31/7 Payment of PAYE tax withheld from employees’ salaries of the previous month
31/7 Payment of Special Contribution to the Defense fund withheld from dividends, interest and rent payments during the previous month (Note. 5)
31/7 Payment of contributions to the Social Insurance and other funds from employers for the previous month

AUGUST

01/8 Payment of the final tax liability of the previous year with self-assessment for companies and self-employed individuals that prepare audited accounts (ie 01/8/2018 for 2017)
10/8 Submission of VAT return and payment of the VAT liability for the period April-June
10/8 Submission of INTRASTAT return for the previous month
10/8 Payment of contributions to the Social Insurance and other funds from self-employed individuals for the period April-June
15/8 Submission of VIES statement for the previous month
31/8 Payment of PAYE tax withheld from employees’ salaries of the previous month
31/8 Payment of Special Contribution to the Defense fund withheld from dividends, interest and rent payments during the previous month (Note. 5)
31/8 Payment of contributions to the Social Insurance and other funds from employers for the previous month

SEPTEMBER

10/9 Submission of VAT return and payment of the VAT liability for the period May-July
10/9 Submission of INTRASTAT return for the previous month
15/9 Submission of VIES statement for the previous month
30/9 Submission through TAXISnet of the personal income tax return (IR1) of the previous year from self-employed individuals not submitting audited accounts (ie 30/9/2018 for 2017). (Notes 2,3&4)
30/9 Payment of PAYE tax withheld from employees’ salaries of the previous month
30/9 Payment of Special Contribution to the Defense fund withheld from dividends, interest and rent payments during the previous month (Note. 5)
30/9 Payment of contributions to the Social Insurance and other funds from employers for the previous month

OCTOBER

10/10 Submission of VAT return and payment of the VAT liability for the period June-August
10/10 Submission of INTRASTAT return for the previous month
15/10 Submission of VIES statement for the previous month
31/10 Payment of PAYE tax withheld from employees’ salaries of the previous month
31/10 Payment of Special Contribution to the Defense fund withheld from dividends, interest and rent payments during the previous month (Note. 5)
31/10 Payment of contributions to the Social Insurance and other funds from employers for the previous month

NOVEMBER

10/11 Submission of VAT return and payment of the VAT liability for the period July-September
10/11 Submission of INTRASTAT return for the previous month
10/11 Payment of contributions to the Social Insurance and other funds from self-employed individuals for the period July-September
15/11 Submission of VIES statement for the previous month
30/11 Payment of PAYE tax withheld from employees’ salaries of the previous month
30/11 Payment of Special Contribution to the Defense fund withheld from dividends, interest and rent payments during the previous month (Note. 5)
30/11 Payment of contributions to the Social Insurance and other funds from employers for the previous month

DECEMBER

10/12 Submission of VAT return and payment of the VAT liability for the period August-October
10/12 Submission of INTRASTAT return for the previous month
15/12 Submission of VIES statement for the previous month
31/12 Payment of the second and final installment of provisional tax for the current year’s expected tax liability. Last day for the revision of the provisional tax declaration
31/12 Payment of Special Contribution to the Defense Fund for the second six months of the current year (Note 6)
31/12 Submission of the Annual Return (HE 32) to the Registrar of Companies which must accompany the audited financial statements of the previous year
31/12 Payment of PAYE tax withheld from employees’ salaries of the previous month
31/12 Payment of Special Contribution to the Defense fund withheld from dividends, interest and rent payments during the previous month (Note. 5)
31/12 Payment of contributions to the Social Insurance and other funds from employers for the previous month

Notes:

  1. In case of Capital Gains Tax, this should be paid within one month from the date of the transaction.
  2. Tax returns of companies and self-employed individuals preparing audited financial statements must be submitted electronically through TAXISnet.
  3. Individuals must submit tax return when their gross income is higher than the limit of €19.500.
  4. Self- employed individuals with an annual turnover more than €70.000 are obliged to prepare audited financial statements.
  5. From 1/7/2011 when the tenant (only when then tenant is a company, partnership, the state or local authority) pays rent to Cyprus tax residents must deduct the Special Contribution to the Defense fund and pay to the owner the net amount of rent.
  6. For rent if not withheld from tenant, or for rents, dividends or interest from sources outside Cyprus.
  7. For the year 2018 the deadline has been extended to 31/10/2018.

"A combination of tax and non-tax incentives helped Cyprus to be established as an International Business Centre.
Your first option is to relocate your business in Cyprus and use Cyprus for your operations either in Europe or Worldwide. The second general option is to include a Cyprus Company in your structure to get advantage of the tax incentives and its wide network of DDT.
Below, we present the main features of Cyprus Companies with different activities. We will be happy to provide you with our comprehensive advice on tax planning solutions, on request, once we have information about your existing structure, your activities and your needs."

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