TAX CALENDAR 2022

Please note that the deadlines shown here may be adjusted by the goernment as a result of Cyprus’ handling of the economy vis-a-vis Covid-19. We strongly suggest that you follow developments in this regard.

JANUARY 2022

31 January

  • Submission of declaration of deemed dividend distribution (TD623) for the year ended 31 December 2019.

END OF EVERY MONTH

  • Payment of tax deducted from employees salary (PAYE) in the preceding month.

  • Payment of special contribution for defense 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.

FEBRUARY 2022

END OF EVERY MONTH

  • Payment of tax deducted from employees salary (PAYE) in the preceding month.

  • Payment of special contribution for defense 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.

 

MARCH 2022

31 March
 

  • Electronic submission of the 2020 corporation tax return (TD4) for accounting periods ending on 31 December 2020 (TD4).

  • Electronic submission of 2020 income tax return of physical persons preparing audited financial statements.

END OF EVERY MONTH

  • Payment of tax deducted from employees salary (PAYE) in the preceding month.

  • Payment of special contribution for defense 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.

 

APRIL 2022

 

 30 April

  • Payment of premium tax for life insurance companies - first installment for 2022.

END OF EVERY MONTH

  • Payment of tax deducted from employees salary (PAYE) in the preceding month.

  • Payment of special contribution for defense 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.

MAY 2022

31 May

  • Electronic submission by employers of the total 2021 payroll (Form TD7).

 

END OF EVERY MONTH

  • Payment of tax deducted from employees salary (PAYE) in the preceding month.

  • Payment of special contribution for defense 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.

JUNE 2022

 

30 June

  • Payment of the Annual Levy of €350 for the year 2022.

  • Payment of Special Contribution for Defence for the first six months of 2022 on rents if such tax is not withheld at source by tenant and on dividends or interest from sources outside Cyprus.

END OF EVERY MONTH

  • Payment of tax deducted from employees salary (PAYE) in the preceding month.

  • Payment of special contribution for defense 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.

JULY 2022

 

31 July

 

  • Electronic submission of the 2022 provisional tax return and payment of the first installment of provisional tax by individuals and companies

  • Electronic submission of the 2021 personal tax return (Form IR1) by individuals not preparing audited financial statements (employees and self-employed) and payment of the relevant income tax liability.

END OF EVERY MONTH

  • Payment of tax deducted from employees salary (PAYE) in the preceding month.

  • Payment of special contribution for defense 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.

AUGUST 2022

 

1 August

  • Payment of 2021 personal income tax under the self-assessment method by self-employed individuals preparing audited financial statements (2).

31 August

  • Payment of premium tax for life insurance companies - second installment for 2022 (form IR199).

END OF EVERY MONTH

  • Payment of tax deducted from employees salary (PAYE) in the preceding month.

  • Payment of special contribution for defense 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.

 

SEPTEMBER 2022

END OF EVERY MONTH

  • Payment of tax deducted from employees salary (PAYE) in the preceding month.

  • Payment of special contribution for defense 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.

OCTOBER 2022

END OF EVERY MONTH

  • Payment of tax deducted from employees salary (PAYE) in the preceding month.

  • Payment of special contribution for defense 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.

NOVEMBER 2022

END OF EVERY MONTH

  • Payment of tax deducted from employees salary (PAYE) in the preceding month.

  • Payment of special contribution for defense 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.

DECEMBER 2022

31 December

  • Payment of the second and last installment of provisional tax for 2022 by individuals and companies

  • Payment of premium tax for life insurance companies – 3rd installment for 2022 (Form IR199)

  • SDC and GHS: Payment of Special Contribution for Defence (SDC) and General Health Contribution (GHS) for the last six months of 2022 on dividend or interest income from sources outside Cyprus, and on rental income if such tax is not withheld at source by tenant (Form IR601) as self-assessment.

END OF EVERY MONTH

  • Payment of tax deducted from employees salary (PAYE) in the preceding month.

  • Payment of special contribution for defense 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.

 

Interest and Penalties

 

The official interest rate, as set by the Finance Minister, for all amounts due as from 1 January 2019 is expected to be 3,5% (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.