This resource allows you to keep track of your tax due dates, plan your financial obligations accordingly, and even make early payments to avoid incurring interest and penalties.

Maintaining a tax diary is a crucial step in staying ahead of your tax compliance responsibilities and preventing unnecessary fines and interest charges. We've compiled a comprehensive list of essential Cyprus tax deadlines for 2023, categorized by month for both individuals and companies. This resource allows you to keep track of your tax due dates, plan your financial obligations accordingly, and even make early payments to avoid incurring interest and penalties.

It's important to emphasize that all tax-related payments must be made electronically, utilizing either the JCC Smart portal or e-banking. This ensures a streamlined and efficient process, aligning with the current digital landscape for financial transactions. By following these guidelines, you can proactively manage your tax responsibilities and maintain financial compliance with ease.

Tax Due Dates

31st January

Submission of the Deemed Dividend Distribution declaration (Form IR623) for the profits of tax year 2020 and payment of relevant SDC contributions

31st March

Electronic submission of 2021 tax returns (Form IR4) for companies
Electronic submission of 2021 tax return (Form IR1) for physical persons preparing audited financial statements

30th April

Payment of premium tax for life insurance companies - first instalment 2023

31st May

Electronic submission of 2022 Employer’s Return (Form IR7)

30th June

Payment of Special Contribution for Defence (SDC) and General Health Contribution (GeSy) on rental, dividend or interest income under self-assessment from sources outside Cyprus for the first six months of 2023 (Form IR601)
Payment of €350 Annual Levy for the year 2023

31st July

Electronic submission of 2022 personal tax return (Form IR1) by individuals and payment of the relevant income tax liability
Submission of 2023 provisional tax return and payment of the first instalment of provisional tax by both individuals and companies

1st August

Payment of 2022 tax balance by companies and individuals submitting audited financial statements (Form IR158)

31st August

Payment of premium tax for life insurance companies - second instalment 2023

31st December

Payment of the second instalment of 2023 provisional tax
Payment of premium tax for life insurance companies - 3rd and last instalment for 2023
Payment of Special Contribution for Defence (SDC) and General Health Contribution (GeSy) on rental, dividend or interest income under self-assessment from sources outside Cyprus for the last six months of 2023 (Form IR601)

End Of Each Month

Payment of tax deducted from employees salary (PAYE) in the previous month
Payment of Special Defence Contribution (SDC) withheld on dividends, interest or rent (when the tenant is a Cyprus company, partnership, the state or local authority), paid to Cyprus tax residents in the previous month
Payment of tax withheld on payments made to non-Cyprus tax residents during the previous month
Payment of Social Insurance and General Healthcare Contributions (GeSy) deducted from employees’ emoluments during the previous month
By the 10th of the second month after the end of the VAT period
Submission of VAT return and payment of VAT amount due
By the 10th of the month following the end of the VAT period
Submission of Intrastat form
By the 15th of the month following the end of the reporting month
Submission of VIES form for goods and services

Please note that the information in this publication is designed to increase the reader’s general awareness of the Cyprus Tax System and in no case this publication can substitute proper professional advice and specialized solutions that may be specifically applicable to your own needs.

Tax Diary