Cyprus Tax Calendar 2026

The Annual Return filed with the Registrar of Companies. Every Cyprus company must submit this within 28 days of its Annual General Meeting (AGM), confirming current directors, shareholders, and share capital. It is separate from the tax return and has its own penalty structure.

The personal income tax return for individuals. Covers employment income, rental income, self-employment profits below the audit threshold, and other personal income. From 2026, filing is mandatory for all individuals aged 25 to 71 with qualifying income. Filed electronically via Taxisnet.

The corporate income tax return filed by Cyprus-resident companies. It must be accompanied by audited financial statements. From 2026, the filing deadline is 31 March of the year following the tax year. Filed electronically via Taxisnet.

The employer's annual return, summarising all employee emoluments, PAYE withheld, social insurance contributions, and GESY contributions for the tax year. Filed by every employer with staff on payroll. From 2026, it is filed via the Tax For All portal rather than Taxisnet.

A summary schedule of employee emoluments filed alongside or as part of the employer's annual return. It records each employee's gross pay, tax withheld, and relevant deductions for the year.

The declaration form for the Deemed Dividend Distribution (DDD), which required companies to pay Special Defence Contribution on undistributed profits. This form has been abolished for profits arising from 1 January 2026 onwards. Companies with pre-2026 retained earnings may still have residual obligations.

The provisional tax declaration, where a company or self-employed individual estimates their total taxable income for the current year. The declaration must be submitted and the first instalment paid by 1 August. The second instalment is due 31 December. The declaration can be revised upward at any point before 31 December without penalty.

The self-assessment used to calculate and pay the final corporate income tax liability for a given year, once the statutory audit is complete. Any tax due above what was paid through provisional tax instalments must be settled by 1 August of the second year following the tax year.

The amount of profit or income on which tax is actually calculated, after all allowable deductions, exemptions, and reliefs have been applied. For companies, this is the net profit per audited accounts adjusted for tax purposes.

A mechanism that previously required Cyprus companies to treat a portion of their undistributed profits as notional dividends and pay Special Defence Contribution (SDC) on them, even if no actual dividend was declared. The DDD has been fully abolished for profits arising from 1 January 2026 onwards. It was a significant annual compliance obligation for companies with retained earnings.

The accounting period for tax purposes. In Cyprus, the fiscal year for both companies and individuals runs from 1 January to 31 December each year. When you see "FY 2026" in this calendar, it refers to income earned between 1 January 2026 and 31 December 2026.

The General Health System, Cyprus's universal healthcare scheme introduced in 2019. Employees contribute 2.65% of gross emoluments and employers contribute 2.90%, both calculated on income up to €180,000 per year. Contributions are remitted monthly alongside PAYE and Social Insurance.

A tax incentive that allows Cyprus companies to deduct a notional interest expense on new equity introduced into the business from 2015 onwards. The deduction reduces the taxable profit and therefore the corporate tax liability. It rewards businesses that fund operations through equity rather than debt.

A Cyprus tax status available to individuals who are Cyprus tax residents but whose domicile of origin is in another country. Non-Dom individuals are fully exempt from Special Defence Contribution (SDC) on dividends and interest income. The Non-Dom status lasts for 17 years from the date an individual becomes a Cyprus tax resident.

The system by which employers withhold income tax directly from employee salaries each month and remit it to the Tax Department. The amount withheld is determined by each employee's IR59 tax card, which reflects their tax bracket, deductions, and allowances. PAYE must be paid by the end of the month following the payroll month.

An advance payment of corporate income tax for the current year, based on the company's own estimate of its taxable profit. Paid in two equal instalments: 50% by 1 August and 50% by 31 December. If the profit declared provisionally turns out to be less than 75% of the actual final taxable profit, a 10% surcharge is imposed on the underpaid tax. Companies expecting no profit are not required to make a declaration.

The process by which a company or individual calculates and declares their final tax liability for a given year, once the actual income and deductions are known from the completed audit. Any tax owed above the provisional payments already made must be settled on the self-assessment date. No additional surcharge applies at this stage, but interest accrues on unpaid amounts from the due date.

Compulsory contributions by both employees and employers to the Social Insurance Fund, which finances pension, sickness, maternity, and unemployment benefits. The contribution rate is 8.3% for employees and 8.3% for employers, calculated on gross emoluments. Contributions are paid monthly and are a separate obligation from PAYE and GESY.

A Cyprus-specific tax on dividends (17%), interest (30%), and rental income (3% on 75% of gross rent) received by Cyprus-domiciled individuals. Non-Dom individuals are fully exempt. Companies pay SDC on certain interest income. The SDC on dividends and interest is in addition to any income tax that may apply.

A tax previously imposed on the execution of contracts, agreements, and other instruments in Cyprus. Stamp duty has been fully abolished from 1 January 2026 on all contracts, share transfers, and instruments. No stamp duty is payable on documents executed from that date forward.

An individual is considered a Cyprus tax resident if they spend more than 183 days in Cyprus in a calendar year. They may also qualify under the 60-day rule if they spend at least 60 days in Cyprus, are not a tax resident of any other country, maintain a permanent residence in Cyprus, and carry out business or employment in Cyprus. Cyprus tax residents are subject to income tax on worldwide income.

A provisional tax accuracy requirement. If a company's provisional tax declaration understates the actual taxable profit by more than 25% (i.e. the declared profit is below 75% of the real profit), a 10% surcharge is applied to the underpaid tax. This surcharge is in addition to regular interest. The rule incentivises accurate forecasting of annual profits.

The calendar year in which income is earned and to which a tax return relates. The year of assessment in Cyprus coincides with the fiscal year (1 January to 31 December). A return filed in 2027 for income earned in 2026 relates to the 2026 year of assessment.

The new Cyprus tax administration portal being phased in from 2026, intended to eventually replace Taxisnet for most filings. The Employer's Return (now filed as a TD7) is one of the first obligations to migrate to this system. Deadlines for returns filed through Tax For All differ from the old Taxisnet deadlines.

The main online tax filing portal operated by the Cyprus Tax Department. Electronic filing via Taxisnet is mandatory for corporate tax returns (IR4), personal income tax returns (IR1), VAT returns, and most other submissions. The portal requires registration with a personal TIC and access credentials.

Tax Identification Code (also called Tax Identification Number). A unique number issued by the Cyprus Tax Department to every taxpayer, whether an individual or a company. A TIC is required to file any tax return, register for VAT, or conduct taxable activity in Cyprus. New companies must register for a TIC within 60 days of incorporation.

The register of Ultimate Beneficial Owners maintained by the Registrar of Companies. Every Cyprus company must keep its beneficial ownership information current. Any change in UBO must be reported within 14 days. Annual confirmation of UBO data is also required. Failure to comply carries penalties of up to €20,000 plus potential criminal liability.

An EU-wide system for reporting intra-EU B2B supplies of goods and services. Cyprus businesses that sell goods or services to VAT-registered customers in other EU member states must file monthly VIES returns by the 15th of the following month. Intrastat declarations are additionally required for businesses above certain arrival and dispatch thresholds.

Κανονιστική Διοικητική Πράξη — a regulatory administrative act issued by the Cyprus Council of Ministers. Several deadlines in this calendar have been extended from their statutory dates by ΚΔΠ decrees. For example, ΚΔΠ 358/2025 extended the FY 2023 corporate return to March 2026, and ΚΔΠ 359/2025 extended the FY 2024 corporate and self-employed returns to November 2026.

15% on taxable profits for Cyprus-resident companies from 1 January 2026, increased from the previous rate of 12.5%. FY 2026 is the first year at the new rate, so all provisional tax declarations for 2026 must use 15% in their calculations. Cyprus companies with losses or exempt income may still have a lower effective rate.

GESY contributions are calculated only on emoluments up to €180,000 per employee per year. Income above this ceiling is not subject to GESY. The cap applies separately for each employer-employee relationship.

Cyprus personal income tax is levied on a progressive scale. The first €22,000 is tax-free. The rate is 20% on income from €22,001 to €32,000, 25% from €32,001 to €42,000, 30% from €42,001 to €72,000, and 35% on income above €72,000. Employment income from dividends, proceeds from the sale of securities, and certain other receipts are exempt from income tax.

Self-employed individuals with annual turnover above €70,000 must prepare at minimum reviewed financial statements and are subject to the extended November filing deadline for their IR1. Those with turnover above €120,000 must prepare fully audited financial statements signed by a licensed auditor. Below €70,000, no statutory audit or review is required and the earlier filing deadline applies.

Businesses with taxable turnover exceeding €15,600 in any 12-month period are required to register for VAT in Cyprus. Registration is also required if taxable supplies are expected to exceed this amount within the next 30 days. Voluntary registration below the threshold is permitted. Once registered, quarterly VAT returns must be filed even in periods with no activity.

A supplementary schedule filed alongside the IR4 corporate tax return by companies with related-party transactions or other specified arrangements. Companies required to file a SIT may be subject to different deadline extensions than standard companies. The SIT relates to transfer pricing and controlled transaction disclosures.