Cyprus Tax Department Reminder Regarding Imminent Deadlines

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Elias Neocleous & Co LLC

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Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
On 18 July the Tax Department published reminders on its website of approaching deadlines for submission of returns.
Cyprus Tax

On 18 July the Tax Department published reminders on its website of approaching deadlines for submission of returns.

  • Companies, self-employed and other individuals whose earnings are not taxed under the PAYE system are required to submit a provisional declaration of income for 2017, accompanied by a remittance for half the estimated tax liability, no later than 31 July 2017.
  • 31 July 2017 is also the final date for submission of the Employer's Declaration for the tax year 2016.

Failure to meet the deadlines will incur penalties and interest.

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