Cyprus Tax Calendar 2016

Untitled Document

End of each month

P.A.Y.E. deducted from employees’ salaries for the previous month

 

 

 

Special contribution deducted from employees’ salaries for the previous month

 

 

 

Payment of tax withheld on payments made to non tax residents during the previous month

 

 

 

Defence contribution deducted from dividends, interest and rent (Companies, partnerships, the Government or any local authority that pay rent have an obligation to withhold special defence contribution on the amount of the rent paid) paid for the previous month

 

 

31 January

Payment of deemed distribution out of profits of 2014

 

 

31 March

Electronic submission of 2014 income tax return for individuals and companies preparing audited accounts (I.R.4)

 

 

30 April

Submission of personal tax returns for previous year for individuals who are employees and have Gross Income over €19.500 (I.R.1)

 

 

 

Payment of provisional tax by insurance companies (life sector) for the first four months of the year

 

 

30 June

Submission of personal tax return for previous year for individuals not preparing accounts and have Gross Income over €19.500 (I.R.1)

 

 

 

Payment of special defence contribution in relation to rents, from sources within Cyprus for the first half of 2016

 

 

 

Payment of special defence contribution in relation to rents, dividends or interest from sources outside Cyprus for the first half of 2016

 

 

 

Payment of final tax with self assessment for previous year by individuals who not prepare audited accounts.

 

 

31 July

Electronic submission of personal tax return for previous year for individuals who are employees and have Gross Income over €19.500 (I.R.1)

 

 

 

Electronic submission of employers’ return and employees’ details for 2015 (I.R.7)

 

 

 

Submission of provisional tax assessment for the current year and payment of the first installment (I.R.6)

 

 

1 August

Payment of previous year tax through self assessment by individuals and companies preparing audited accounts (I.R.158)

 

 

31 August

Payment of provisional tax by insurance companies (life sector) for the second four months of the year

 

 

30 September

Electronic submission of personal tax return for previous year by individuals not preparing audited accounts and have Gross Income over €19.500 (I.R.1)

 

 

 

Payment of immovable property tax for the current year

 

 

31 December

Payment of second and final installment of provisional
tax for the current year (I.R.6)

 

 

 

Payment of special defence contribution in relation to rents, from sources within Cyprus for the second half of 2016

 

 

 

Payment of special defence contribution in relation to rents, dividends or interest from sources outside Cyprus for the second half of 2016

 

 

 

Payment of provisional tax by insurance companies (life sector) for the last four months of the current year

 

 

 

Accounts Must be filed with the registrar by 31/12/2016 for year 2015

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