{"id":44442,"date":"2024-10-29T17:54:22","date_gmt":"2024-10-29T17:54:22","guid":{"rendered":"https:\/\/acla.netshop-isp.co.uk\/?p=44442"},"modified":"2025-07-15T07:54:19","modified_gmt":"2025-07-15T05:54:19","slug":"tax-diary-2025","status":"publish","type":"post","link":"https:\/\/aclaauditors.com\/el\/tax-diary-2025\/","title":{"rendered":"TAX DIARY 2025"},"content":{"rendered":"
\n
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Date<\/strong><\/td>Description<\/strong><\/td>Return<\/strong><\/td>Notes<\/strong><\/td><\/tr>
End of each month<\/td>PAYE withheld from employees\u2019 salaries for the previous month<\/td>–<\/td>Taxportal code 0100 – Submission through Taxisnet and payment through Taxportal<\/td><\/tr>
31\/01\/2025<\/td>Deemed dividend distribution declaration and payment of SDC and GESY (where applicable)<\/td>TD623<\/td>Taxportal codes 0623 and 0723 – Submission through Taxisnet and payment through Taxportal<\/td><\/tr>
31\/01\/2025<\/td>Reportable Cross Border Arrangements<\/td>DAC6<\/td>Submission through Ariadni<\/td><\/tr>
31\/03\/2025<\/td>Tax returns for Companies and Individuals (exceeding \u20ac70,000 revenue)<\/td>TD4 and TD1<\/td>Submission through Taxisnet and payment through Taxportal<\/td><\/tr>
30\/04\/2025<\/td>First instalment of premium tax for 2025<\/td>–<\/td>Applicable to Life Insurance entities<\/td><\/tr>
31\/05\/2025<\/td>Employers return and employees details<\/td>TD7<\/td>Submission through taxisnet<\/td><\/tr>
30\/06\/2025<\/td>Special Defence contribution and GESY for rents (not withheld at source) for the first six months of 2025<\/td>–<\/td>Taxportal codes 0614 and 0714 – Submission through Taxisnet and payment through Taxportal<\/td><\/tr>
30\/06\/2025<\/td>Special Defence contribution and GESY dividends (from outside Cyprus) for the first six months of 2025<\/td>–<\/td>Taxportal codes 0603 and 0703 – Submission through Taxisnet and payment through Taxportal<\/td><\/tr>
30\/06\/2025<\/td>Special Defence contribution and GESY for Interests (from outside Cyprus) for the first six months of 2025<\/td>–<\/td>Taxportal codes 0602 and 0702 – Submission through Taxisnet and payment through Taxportal<\/td><\/tr>
31\/07\/2025<\/td>Tax returns of Individuals (exceeding \u20ac19,500 and not obliged to prepare audited financial statements statements)<\/td>TD1<\/td>Submission through Taxisnet and payment through Taxportal<\/td><\/tr>
31\/07\/2025<\/td>First instalment of Provisional tax for 2025 by Companies and Individuals<\/td>–<\/td>Entry of due amount and payment through Taxportal<\/td><\/tr>
01\/08\/2025<\/td>Final tax for 2024 by Companies and Individuals (preparing audited financial statements)<\/td>–<\/td>Payment through taxportal (based on audited financial statements)<\/td><\/tr>
31\/08\/2025<\/td>Second instalment of premium tax for 2025<\/td>–<\/td>Applicable to Life Insurance entities<\/td><\/tr>
31\/12\/2025<\/td>Second instalment of Provisional tax for 2025 by Companies and Individuals<\/td>–<\/td>Entry of due amount and payment through Taxportal<\/td><\/tr>
31\/12\/2025<\/td>Special Defence contribution and GESY for rents (not withheld at source) for the last six months of 2025<\/td>–<\/td>Taxportal codes 0614 and 0714 – Submission through Taxisnet and payment through Taxportal<\/td><\/tr>
31\/12\/2025<\/td>Special Defence contribution and GESY dividends (from outside Cyprus) for the last six months of 2025<\/td>–<\/td>Taxportal codes 0603 and 0703 – Submission through Taxisnet and payment through Taxportal<\/td><\/tr>
31\/12\/2025<\/td>Special Defence contribution and GESY for Interests (from outside Cyprus) for the last six months of 2025<\/td>–<\/td>Taxportal codes 0602 and 0702 – Submission through Taxisnet and payment through Taxportal<\/td><\/tr>
31\/12\/2025<\/td>Third (final) instalment of premium tax for 2025<\/td>–<\/td>Applicable to Life Insurance entities<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Administrative penalties<\/strong><\/p>\n\n\n\n

Administrative penalty of \u20ac100 or \u20ac200 (depending on each case) is imposed for the late submission of a tax return or late submission of supporting documents requested by the Commissioner. In case of late payment of tax due, penalty of 5% is imposed on tax due amount. Additional penalty of 5% is imposed if the tax due amount remains unpaid two months after the payment deadline.<\/p>\n\n\n\n

Interest rates on late payments<\/strong><\/p>\n\n\n\n

The public interest rates applicable on late payment of taxes are set by the Minister of Finance, for all amounts due, applicable on each completed month, as seen below:<\/p>\n\n\n\n

Year<\/strong><\/td>Interest<\/strong><\/td><\/tr>
Up to 31\/12\/2006<\/td>9.00%<\/td><\/tr>
01\/01\/2007 – 31\/12\/2009<\/td>8.00%<\/td><\/tr>
01\/01\/2010 – 31\/12\/2010<\/td>5.35%<\/td><\/tr>
01\/01\/2011 – 31\/12\/2012<\/td>5.00%<\/td><\/tr>
01\/01\/2013 – 31\/12\/2013<\/td>4.75%<\/td><\/tr>
01\/01\/2014 – 31\/12\/2014<\/td>4.50%<\/td><\/tr>
01\/01\/2015 – 31\/12\/2016<\/td>4.00%<\/td><\/tr>
01\/01\/2017 – 31\/12\/2018<\/td>3.50%<\/td><\/tr>
01\/01\/2019 – 31\/12\/2019<\/td>2.00%<\/td><\/tr>
01\/01\/2020 – 31\/12\/2022<\/td>1.75%<\/td><\/tr>
01\/01\/2023 – 31\/12\/2023<\/td>2.25%<\/td><\/tr>
01\/01\/2024 – today<\/td>5.00%<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Date Description Return Notes End of each month PAYE withheld from employees\u2019 salaries for the previous month – Taxportal code 0100 – Submission through Taxisnet and payment through Taxportal 31\/01\/2025 Deemed dividend distribution declaration and payment of SDC and GESY (where applicable) TD623 Taxportal codes 0623 and 0723 – Submission through Taxisnet and payment through…<\/p>","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,18],"tags":[116,117,78,115],"class_list":["post-44442","post","type-post","status-publish","format-standard","hentry","category-articles","category-tax-alerts","tag-116","tag-diary","tag-tax","tag-tax-diary"],"_links":{"self":[{"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/posts\/44442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/comments?post=44442"}],"version-history":[{"count":2,"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/posts\/44442\/revisions"}],"predecessor-version":[{"id":44444,"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/posts\/44442\/revisions\/44444"}],"wp:attachment":[{"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/media?parent=44442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/categories?post=44442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aclaauditors.com\/el\/wp-json\/wp\/v2\/tags?post=44442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}