TAX DIARY 2018

Financial Consultants International F.C.I. LTD offers the Tax Calendar, as a tool for better planning of business tax obligations for the current year.

Until 31 January
Submission of declaration of deemed dividend distribution (TD623) for the year ended 31 December 2015.

 

Until 31 March
Electronic submission of the 2016 corporation tax return (TD4) for accounting periods ending on 31 December 2016 (TD4).
Electronic submission of the 2016 income tax return of physical persons preparing audited financial statements
Submission and first installment payment of the credit institutions special tax for 2018

 

Until 30 April
Submission of tax return (ΤΦ1) for 2016, from individuals, when their gross incomes exceeds €19.500 for 2017.
Payment of premium tax for life insurance companies – first instalment for 2018.

 

Until 30 June
Submission of tax return (IR1) for 2016 from individuals not preparing audited financial statements, when their yearly gross income exceeds €19.500 for 2017
Payment of income tax for 2017 under the self assessment method, by companies and individuals not preparing audited financial statements
Annual corporate levy of € 350 payable to the Registrar of Companies
Payment of special contribution for defence for the first six months of 2018 on rents if such tax is not withheld at source by tenant and on dividends or interest from sources outside Cyprus.

 

Until 31 July
Electronic submission of 2017 personal tax returns of individuals whose incomes do not include income from a trade/business, rents, dividends, interest, royalties nor income relating to trading goodwill.
Submission of the 2018 provisional tax return and payment of the first instalment..
Electronic submission by employers of the total 2017 payroll (Form TD7).

 

Until 01 August
Payment of 2017 final corporation tax under the self-assessment method.
Payment of 2017 personal income tax under the self assessment method by individuals preparing audited financial statements.

 

Until 31 August
Payment of premium tax for life insurance companies – second instalment for 2018.

 

Until 30 September
Electronic submission of 2017 personal tax returns of individuals not required to prepare audited financial statements but whose incomes include income from a trade/business, rents, dividends, interest, royalties or income relating to trading goodwill when their gross income exceeds € 19,500 for the year 2017.
Payment of the third installment of credit institutions special tax for 2018.

 

Until 31 December
Payment of provisional tax – second and last instalment for 2018.
Payment of premium tax for life insurance companies – third and last instalment for 2018
Payment of special contribution for defence for the last six months of 2018 on rents if such tax is not withheld at source by tenant and on dividends or interest from sources outside Cyprus.

 

Financial Consultants International F.C.I. LTD and its experienced team can assist you with the procedures of filing tax returns and obtaining
Cyprus Tax Residency status.
For more information, please do not hesitate to contact us.