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Nicosia
Limassol

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We would like to remind you that the 31st of March 2019 is the deadline for the following:

  • Electronic submission of the 2017 corporation tax return for accounting periods ending on 31 December 2017 (TD4). 
  • Electronic submission of the 2017 income tax return of physical persons preparing audited financial statements. (A physical person is obliged to submit audited financial statements if his/her turnover exceeds €70.000 annually.)

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End of each month 

  • Payment of tax deducted from employees salary (PAYE) in the preceding month.
  • Payment of special contribution for defence 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.
  • Payment of social insurance contribution in the preceding month.

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We would like to remind you of the Special Defence Contribution tax on the Deemed Dividend Distribution on 2016 accounting profits must be paid to the Cyprus tax authorities by 31 January 2019.

Tax provisions on deemed distribution of dividends

The tax provision applies to the profits of Cyprus tax resident companies that are attributable directly to Cyprus tax residents and domiciled shareholders. It also applies to tax resident corporate shareholders, the ultimate or immediate physical shareholders of which, are tax resident individuals domiciled in Cyprus. These provisions do not apply to the proportion of profits attributable directly or indirectly to non-Cypriot tax resident shareholders or to Cypriot tax resident shareholders that are not Cypriot-domiciled.

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Cyprus government has introduced a package of tax incentives to international film producers in order to consider our country for film-making.

Forms of Audiovisual Films compliant with the Scheme:

  • Feature Films - Long Films
  • Television film 
  • Television series or mini-series
  • Digital or Analogue Animation
  • Creative documentary
  • Transmedia and Crossmedia productions
  • Reality programmes which directly or indirectly promote Cyprus and its culture

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