Tax Calendar - 2025

31 January 2025

Declaration and submission of deemed dividend distribution for the tax year 2022

28 February 2025

Electronic submission of the 2022 corporation tax return (IR4) for companies with an obligation to submit a Summary Information Table of related party transactions

30 April 2025

30 June 2025

Payment of special defense contribution (SDC) for first six months of 2025 on rents (if not withheld at source by tenant) and on dividends or interest from sources outside Cyprus

31 July 2025

Submission of provisional income tax return for 2025 and payment of first installment (50% of the total amount). No penalty is applied if paid until 31 August 2025.

1 August 2025

Payment of 2024 final corporate tax under self-tax assessment method for Companies and self-employed individuals preparing audited financial statements

31 August 2025

30 September 2025

30 November 2025

Submission of 2023 corporate tax return (IR4) for companies and self employed individuals with an obligation to prepare audited financial statements
Submission of 2023 Summary Information Table

31 December 2025

Submission of revised provisional tax return (if required) and payment of second and final installment of 2025 provisional tax
Payment of special defense contribution (SDC) for last six months of 2025 on rents (if not withheld at source by tenant) and on dividends or interest from sources outside Cyprus
Payment of third and last installment of 2025 premium tax for life insurance companies
Electronic submission of employers return (IR7) for the total 2024 payroll and for January-November 2025.

End of each month

PAYE tax withheld on employees salary in the preceding month
Contributions withheld on employees salary in the preceding month
Payment of SDC withheld on payments of dividends, interests, and rents made in the preceding month (where applicable)

Rolling deadlines

VAT return & payment: generally 40 days after the period end (i.e., 10th of the second month after the VAT period).
VIES statement: by the 15th of the following month.
Intrastat: by the 10th of the following month.
Stamp Duty / CGT / 0.4% land levy (property disposals): usually within 30 days of the transaction/contract where applicable
Transfer pricing - local file: to be provided within 60 days upon request.
DAC6: rolling 30-day reporting window from trigger event.
CbC (for groups > €750m): notification by last day of reporting FY; report due 12 months after FY end.

Penalties and interest

An administrative penalty of €100 or €200 (depending on specific case) is imposed for late submission of tax returns.
5% penalty is imposed on late payment of taxes due
5% additional tax/penalty is imposed if (a) tax return was filed on time but tax as per return was not paid on time, (b) neither tax return was filed on time nor the tax as per the return was paid on time, or (c) in case the tax is assessed by the Director and the tax due is not paid within the time shown on the return (usually the end of the following month).
The interest rate as set by the Finance Minister, for all amounts due as from 1 January 2025 is 5,5% (5% for 2024, 2,25% for 2023, 1,75% for 2022, 2021 and 2020, 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).