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TAX DIARY FOR 2025
DateDescription
End of each month (Jan- Dec)Payment of PAYE relating to employees’ salaries for the previous month
Payment of Special Defence Contribution and General Healthcare Contributions withheld on dividends or interest or rent paid of Cyprus tax residents in the previous month
Payment of tax withheld on payments to non-Cyprus tax residents of the previous month
Payment of Social Insurance and General Healthcare Contributions relating to employees ‘remuneration of the previous month
Electronic submission of the Employers’ return(IR7)
31 JanuarySubmission of the deemed dividend distribution form for the tax year 2022
31 MarchElectronic submission of the Income Tax Return for 2023 tax year for companies and physical persons who prepare audited financial statements and companies (Note 1)
30 AprilPayment of the first instalment of the premium tax for insurance companies (life business) for 2025
30 JunePayment of Special Defence and General Healthcare Contribution for the first semester of 2025 on rental income, dividend income or interest income from sources outside Cyprus or under self-assessment.
31 JulySubmission of the 2025 provisional tax return and payment of the first instalment for both individual and companies
Payment via self-assessment of any tax balance for the tax year 2024 for physical persons who do not prepare audited financial statements
Electronic submission of the 2024 Income Tax Return for salaried individuals whose gross income exceeds 19.500 Euro
1 AugustPayment of the 2024 tax balance via the self-assessment method for companies and individuals who prepare audited financial statements (Note 1)
31 AugustPayment of the second instalment of the premium tax for insurance companies (life business) for 2025
30 SeptemberElectronic submission of the 2024 Income Tax Return for individuals who do not prepare audited financial statements provided their income exceeds 19.500 Euro
 Payment of 2024 personal income tax under the self-assessment method by self-employed individuals not preparing audited financial statements.
31 DecemberPayment of the second and last instalment of the 2025 provisional tax and submission of the 2025 revised provisional tax return (if needed)
Payment of Special Defence and General Healthcare Contribution for the second semester of 2025 on rental income, dividend income or interest from sources outside Cyprus or under self-assessment.
Payment of the third and last instalment of the premium tax for insurance companies (life business) for 2025

Note 1

A physical person is obliged to submit audited financial statements if his/her annual income from trade/business, rents, dividends interest, royalties or income relating to trading goodwill exceeds €70.000.

Interest and Penalties

Any person omitting to pay the due tax by the due payment date is liable to a 5% penalty.

Interest is imposed at the rate of 5,50% per annum (5% for 2024).

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