Cyprus: Tax Diary for the remaining of 2021

Cyprus: Tax Diary for the remaining of 2021 

End of each month: 

  • Payment of PAYE deducted from employees’ salaries for the previous month (TD 61A form). 
  • Payment of Social Insurance and General Healthcare (GESY) contributions deducted from employee’s salaries for the previous month. 
  • Payment of special defence contribution deducted from dividends, interest, or rent paid for the previous month. Companies, partnerships, the Government, or any local authority that pays rent, have the obligation to withhold special defence contribution on the amount of the rent paid (TD 601, TD 602, TD 603 forms). 
  • Payment of tax withheld on payments made to non-Cyprus residents during the previous month (TD11). 

31 July 

  • Electronic submission of the 2020 personal income tax return (TD1) by individuals whose gross income exceeds €19.500 and payment of 2020 personal income tax liability. 
  • Submission of the 2021 provisional tax return and payment of the first instalment of 2021 temporary tax (TD5, TD6). 

1 August 

  • Payment of the 2020 tax liability through self-assessment by companies and individuals preparing audited accounts (TD158 form). 

31 August 

  • Payment of the second instalment of the premium tax for life insurance companies 2021 (TD199). 

31 December  

  • Submission of the 2021 revised provisional tax return (if applicable) and payment of the second instalment of 2021 temporary tax (TD5, TD6). 
  • Payment of special contribution for defence and GESY in relation to dividends or interests from sources outside Cyprus for the second half of 2021 (TD 601 form). 
  • Payment of special contribution for defence and GESY in relation to gross rents (less 25%) from sources within or outside Cyprus for the second half of 2021 (TD 601 form). 
  • Payment of the third and last instalment of the premium tax for life insurance companies for 2021 (TD199). 

 

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