Individual - Tax administration

Taxable period

In Cyprus, the tax year is the calendar year.

Tax returns

Separate returns must be filed by each individual on a calendar-year basis. Submission deadlines vary depending on the individual taxpayer’s profile.

Electronic submissions

All individuals should be registered online and submit their income tax returns and payments of income tax electronically. In this respect, the electronic submission deadlines for the 2019 income tax return and for settlement via self-assessment on income tax due will be as follows:

  • For employees and pensioners: 31 July 2020.
  • For self-employed individuals whose annual turnover does not exceed EUR 70,000 and who do not have an obligation to prepare audited financial statements: 30 September 2020 and 30 June 2020, respectively.
  • For self-employed individuals whose annual turnover exceeds EUR 70,000: 31 March 2021 and 1 August 2020, respectively.

Payment of tax

There is an obligation for PIT withholding on salaries under the pay-as-you-earn (PAYE) system. If a taxpayer has other income not subject to WHT, payments of estimated tax must be generally paid in two equal instalments on 31 July and 31 December within the same tax year.