TAX DIARY FOR 2025 | |
Date | Description |
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 January | Submission of the deemed dividend distribution form for the tax year 2022 |
31 March | Electronic 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 April | Payment of the first instalment of the premium tax for insurance companies (life business) for 2025 |
30 June | Payment 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 July | Submission 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 August | Payment of the 2024 tax balance via the self-assessment method for companies and individuals who prepare audited financial statements (Note 1) |
31 August | Payment of the second instalment of the premium tax for insurance companies (life business) for 2025 |
30 September | Electronic 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 December | Payment 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).