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Cyprus Tax Calendar 2020

 

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The most important dates of 2020 for tax purposes are as listed below (Charges: The official interest rate, as set by the Finance Minister, for all amounts due as from 1 January 2020 is 1,75% (2% for 2019, 3,5% for 2017- 2018, 4% for 2015-2016, 4,5% for 2014, 4,75% for 2013, 5% for years 2012 and 2011, 5,35% for the year 2010, 8% for the years 2007-2009 and 9% up to 31 December 2006). In addition to the interest, penalties are also charged depending on the circumstances.

31 / 01 / 2020
Submission of declaration of deemed dividend distribution (TD623) for the year ended 31 December 2017.
31 / 03 / 2020
Electronic submission of the 2018 corpotation tax return (TD4) for accounting periods ending on 31 December 2018 (TD4).
Electronic submission of the 2018 income tax return of physical persons preparing audited financial statements.
30 / 04 / 2020
Payment of premium tax for life insurance companies - first instalment
for 2020.
30 / 06 / 2020
Payment of special contribution for defence for the first six months of 2020 on rents if such tax is not withheld at source by tenant and on dividends or interest from sources outside Cyprus.
30 / 06 / 2020
Payment of 2019 personal income tax under the self assessment method by individuals not preparing audited financial statements .
31 / 07 / 2020
Electronic submission by employers of the total 2019 payroll (Form TD7).
31 / 07 / 2020
Electronic submission of 2019 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.
31 / 07 / 2020
Submission of the 2020 provisional tax return and payment of the first instalment.
01 / 08 / 2020
Payment of 2019 final corporation tax under the self-assessment method.
01 / 08 / 2020
Payment of 2019 personal income tax under the self assessment method by individuals preparing audited financial statements.
31 / 08 / 2020
Payment of premium tax for life insurance companies - second instalment for 2020.
30/ 09 / 2020
Electronic submission of 2019 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.
31/ 12 / 2020
Payment of provisional tax - second and last instalment for 2020.
31/ 12 / 2020
Payment of special contribution for defence for the last six months of 2020 on rents if such tax is not withheld at source by tenant and on dividends or interest from sources outside Cyprus.
31/ 12 / 2020
Payment of premium tax for life insurance companies - third and last instalment for 2020.

 

* At the 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.

* Disclaimer: The information contained in this site is for general guidance on matters of interest only. Given the changing nature of laws, rules and regulations, and the inherent hazards of electronic communication, there may be delays, omissions or inaccuracies in information contained in this site. Accordingly, the information on this site is provided with the understanding that the authors and publishers are not herein engaged in rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. Before making any decision or taking any action, you should consult an Anso Consulting professional. While we have made every attempt to ensure that the information contained in this site has been obtained from reliable sources, Anso Consulting is not responsible for any errors or omissions, or for the results obtained from the use of this information.

Cyprus Tax Information

The links below will provide you with more detailed information on the main sections related to the Cyprus taxation.