Tax Calendar for Year 2024 for ‘Employees’
| Obligation | Deadline |
| Payment of tax deducted from employees’ salary (PAYE) in the preceding month. | End of each month |
| Submission of form TD59 (CLAIM FOR ALLOWANCES FOR THE YEAR 2024). This is provided to you by your employer | 31 January 2024 (or upon commencement of your employment) |
| Payment of Special Contribution for Defence (SDC) for the first six months of 2024 on rents (in case SDC is not deducted at source by tenant) and on dividends or interest from sources outside Cyprus | 30 June 2024 |
| Electronic submission of 2023 personal tax return of individuals and payment of the income tax liability (TD1) | 31 July 2024 |
| Payment of Special Contribution for Defence (SDC) for the last six months of 2024 on rents (in case SDC is not deducted at source by tenant) and on dividends or interest from sources outside Cyprus. | 31 December 2024 |
Disclaimer: Please note that the deadlines stipulated below may be revised. Taxpayers are recommended to monitor developments and / or get in touch.
Tax Calendar for Year 2024 for ‘the Self – Employed’
| Obligation | Deadline |
| Application to the Social Insurance Department to pay contributions based on actual income | 31 March 2024 |
| Electronic submission of 2022 personal returns by self-employed individuals with annual turnover exceeding EUR 70,000 | 31 March 2024 |
| Payment of Special Contribution for Defence (SDC) for the first six months of 2024 on rents (in case SDC is not deducted at source by tenant) and on dividends or interest from sources outside Cyprus | 30 June 2024 |
| Electronic submission of 2023 personal tax return of individuals and payment of the income tax liability (TD1) | 31 July 2024 |
| Submission of the 2024 provisional tax return and payment of the 1st instalment | 31 July 2024 |
| Payment of the 2023 final corporation tax by self – employed individuals with annual turnover exceeding EUR 70,000 | 1 August 2024 |
| Submission of revised 2024 provisional tax return and payment of the 2nd instalment of provisional tax | 31 December 2024 |
| Payment of Special Contribution for Defence (SDC) for the last six months of 2024 on rents (in case SDC is not deducted at source by tenant) and on dividends or interest from sources outside Cyprus. | 31 December 2024 |
| Submission of VAT forms and payment of VAT due | On a quarterly basis – 40 days following the end of each quarter |
| Payment of Social Insurance contributions | On a quarterly basis – 40 days following the end of each quarter |
Disclaimer: Please note that the deadlines stipulated below may be revised. Taxpayers are recommended to monitor developments and / or get in touch.
