Cyprus Tax Calendar / Diary - 2024 - updated 22/02/2024
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End of every month |
Payment of tax deducted from employees’ salaries (PAYE) during the previous month Payment of defence contribution withheld from dividends or interest payments (by legal entities), paid to Cyprus tax residents in the previous month. Payment of tax withheld on payments made to non-tax residents during the previous month |
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31st January |
Submission of declaration / payment of deemed dividend distribution for the Year 2021. |
| 31st March | Electronic submission of the 2022 corporation tax return.
Electronic submission of 2022 income tax return by individuals having audited financial statements |
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31st May |
Electronic submission of employer's return for salaries paid in the previous year. |
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30th June |
Payment of defence tax for the first half of 2024 on rents (whether withheld at source or not) Payment of defence tax for the first half of 2024 on dividends and interest originating outside Cyprus |
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31st July |
Submission of current year provisional tax return and payment of the first instalment. Electronic submission of 2023 personal income tax return Payment of 2023 personal income tax under self-assessment for salaried individuals and trading individuals who are not obliged to submit audited financial statements. |
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1st August |
Payment by companies of previous year final corporation tax using the self-assessment method. Payment of previous year personal income tax using the self-assessment method for self-employed individuals having audited financial statements. |
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31st December |
Payment of the second instalment of current year provisional tax Payment of special defence contribution for the second half of the current year on rents (whether withheld at source or not) and on dividends or interest from sources outside Cyprus. |
Interest and Penalties
The official interest rates, as set by the Finance Minister are as follows:
Period %
01/01/2023 - 31/12/2023 2,25
01/01/2020 - 31/12/2022 1,75
01/01/2019 - 31/12/2019 2,00
01/01/2017 - 31/12/2018 3,50
01/01/2015 - 31/12/2016 4,00
01/01/2014 – 31/12/2014 4,75
01/01/2013 – 31/12/2013 4,75
01/01/2011 – 31/12/2012 5,00
01/01/2010 – 31/12/2010 5,35
01/01/2007 – 31/12/2009 8,00
Up to 31/12/2006 9,00
In addition to interest, penalties for late filing of returns and/or late payment of tax are charged by the department of Inland revenue.
All the information above is for guidance. For tax advice please get in touch with us.
