TAX DIARY 2023

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

31 January
Submission of declaration of deemed dividend distribution (TD623) for the year ended 31 December 2020.
 
31 March
Electronic submission of the 2021 corporation tax return (TD4) for accounting periods ending on 31 December 2021 (TD4).
Electronic submission of income tax return of physical persons preparing audited financial statements for 2021 (TD1).
 
30 April
Payment of premium tax for life insurance companies 1st installment for 2023 (TD 199).
 
31 May
Electronic submission of the 2022 employer’s return (TD 7).
 
30 June
Payment of Special Defence Contribution (SDC) & NHS (if payment is made to Cyprus tax resident individual) of 2023 (semester 1/2023) on rents if such tax is not withheld at source by the tenant and on dividends or interest from sources outside Cyprus (TD 604, 612, 613).
Payment of Annual Levy €350 by Companies to the Registrar of Companies for 2023.
 
31 July
Submission of the 2023 provisional tax return and payment of 1st installment of tax through tax portal (code 300).
Electronic submission of 2022 personal income tax returns and payment of 2022 personal income tax under the self-assessment method by (a) employees and pensioners whose incomes do not include income from a trade/business, rents, dividends, interest, royalties not income relating to trading goodwill and (ii) other individuals that have a gross income that falls under Article 5 (includes salaries, dividends, interest and profits from share dealings) and who are not obliged to prepare audited financial statements.
 
01 August
Payment of 2022 final corporation tax under the self-assessment method.
Payment of 2022 personal income tax under the self-assessment method by self-employed individuals preparing audited financial statements.
 
31 August
Payment of premium tax for life insurance companies – 2nd installment for 2022
 
31 December
Payment of provisional tax – 2nd and last installment for 2023.
Payment of Special Defence Contribution (SDC) & NHS (if payment is made to Cyprus tax resident individual) of 2023 (semester 2/2023) on rents if such tax is not withheld at source by the tenant and on dividends or interest from sources outside Cyprus (TD 604, 612, 613).
Payment of premium tax for life insurance companies 3rd installment for 2023 (TD 199).
 
End of each 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.

Financial Consultants International ( F.C.I.) LTD

experienced team can assist you with the procedures of filing tax returns and obtaining a Cyprus Tax Residency status.
For more information, please do not hesitate to contact us.

Tel: +357 22 673800 | email: info@fci.com.cy