Cyprus Tax Calendar 2026
Throughout 2026, entities are required to adhere to various tax deadlines, including income tax return submissions, payment of taxes withheld, and contributions to social insurance and health schemes. This calendar reflects the updated 2026 deadlines, including significant changes to tax return filing dates and new electronic payment requirements.
Important Changes to Tax Return Filing Deadlines:
- Tax Year 2023 returns (TD4 / TD1 with audited accounts): Extended to 31 March 2026 (previously 30 November 2025) — per Decrees KΔΠ 358/2025 & 359/2025 issued 28 November 2025.
- Tax Year 2024 returns (TD4 / TD1 with audited accounts): Extended to 30 November 2026 (previously 31 March 2026) — per the same Decrees.
- New permanent rule (from Tax Year 2026 onwards): The corporate and self-employed (with audited accounts) income tax return deadline has been permanently moved to 31 January of the second year following the assessment year. This first applies to 31 January 2028 for the 2026 tax year.
- Mandatory electronic rent payments become effective from 1 July 2026. Cash rent payments are no longer tax-deductible from that date.
| Date | Obligation | Tax Form / Payment Method |
|---|---|---|
| End of each month | Payment of PAYE deducted from employees’ salaries for the previous month | TD61 |
| End of each month | Payment of tax withheld on payments made to non-Cyprus tax residents during the previous month | TD11 |
| End of each month | Payment of SDC and GHS contributions if payment is made to a Cyprus tax resident individual withheld on dividends and interest paid in the previous month | TD603 & TD602 |
| End of each month | Payment of Social Insurance and General Healthcare Contributions relating to salaries of the previous month | Online SIC Portal |
| By the end of the following month | Electronic submission of the monthly Employer’s Return for the preceding month via the Tax For All portal | TD7 |
| 31 January | Payment of SDC and GHS contributions on deemed dividend distribution for the profits of tax year 2023 (transitional) | TD623 |
| 31 March | ↑ Extended Deadline Electronic submission of the income tax return and Summary Information Table (SIT) for tax year 2023, for companies and self-employed with audited financial statements (extended from 30 November 2025 per Decrees KΔΠ 358/2025 & 359/2025) | TD4, TD1 |
| 31 March | ↑ Changed Electronic submission of the Annual TD7 for 2024 and all monthly TD7 returns for July–December 2025 (annual deadline moved from 28 February to 31 March under the new rules; monthly TD7s for the second half of 2025 also due by this date) | TD7 |
| 30 April | Payment of the first instalment of the premium tax for insurance companies (life business) for 2026 | TD199 |
| 30 September | Electronic submission of the Annual TD7 employer’s return for 2025 | TD7 |
| 30 June | Payment of GHS contributions on rents, dividends and interest, and any SDC due on dividends and interest, for the first 6 months of 2026 (for Cyprus-resident individuals) | Through the Tax Portal under GHS payment codes 704, 712 and 713, and applicable SDC interest/dividend codes 612 and 613 |
| 30 June | Payment of GHS contributions withheld on rent paid for the first 6 months of 2026 (where the tenant is a Cyprus company, partnership, Government or local authority) | TD714 (payment code 714) |
| 1 July 2026 | ✦ New from 2026 Mandatory electronic rent payments — Rent payments must be made through bank transfer, card, or other electronic payment methods (cash payments no longer deductible from 1 July 2026) | Bank Transfer / Electronic Payment |
| 31 October | Electronic submission of the 2025 personal income tax return by individuals and payment of the income tax liability | TD1 |
| 31 July | Submission of the 2026 provisional tax return and payment of the first instalment of provisional tax (companies and self-employed individuals) | Through tax portal under payment codes 200 and 213 |
| 1 August | Payment of the 2025 tax balance through self-assessment by companies and self-employed with audited accounts | Through tax portal under payment code 300 |
| 31 August | Payment of the second instalment of the premium tax for insurance companies (life business) for 2026 | TD199 |
| 30 November | ↑ Extended Deadline Electronic submission of the income tax return and Summary Information Table (SIT) for tax year 2024, for companies and self-employed with audited financial statements (extended from 31 March 2026 per Decrees KΔΠ 358/2025 & 359/2025) | TD4, TD1 |
| 31 December | Submission of the 2026 revised provisional tax return (if applicable) and payment of the second instalment of provisional tax | Through tax portal in case of downward or upward revision |
| 31 December | Payment of GHS contributions on rents, dividends and interest, and any SDC due on dividends and interest, for the last 6 months of 2026 | Through the Tax Portal under GHS payment codes 704, 712 and 713, and applicable SDC interest/dividend codes 612 and 613 |
| 31 December | Payment of GHS contributions withheld on rent paid for the last 6 months of 2026 (where the tenant is a Cyprus company, partnership, Government or local authority) | TD714 (payment code 714) |
| 31 December | Payment of the third and last instalment of the premium tax for insurance companies (life business) for 2026 | TD199 |
Note: Tax payments can only be made electronically through the Tax Department portal or authorized banks.
Electronic Submission of Tax Returns
Every individual or company required to file a tax return under the Assessment and Collection of Taxes Law must do so electronically. From tax year 2026, an individual must file if they have gross income within Article 5 of the Income Tax Law, or if they are Cyprus tax-resident and aged 25 to 70 during the tax year, regardless of income, subject to any specific exemption introduced by decree.
Key 2026 Changes to Tax Return Deadlines
↑ Extended Deadline The deadline for submitting the income tax return (TD4 for companies, TD1 for self-employed with audited accounts) for tax year 2023 has been extended to 31 March 2026 (previously 30 November 2025). For tax year 2024, the deadline has been extended to 30 November 2026 (previously 31 March 2026). Both extensions were issued via Decrees KΔΠ 358/2025 & 359/2025 on 28 November 2025 and apply equally to the Summary Information Table (SIT) for controlled transactions under Article 33.
↑ Changed (Permanent) Going forward, the corporate tax return deadline has been permanently moved to 31 January of the second year following the assessment year. This first applies to 31 January 2028 for the 2026 tax year. This change allows additional time for companies to prepare audited financial statements and ensure accuracy in their tax filings.
↑ Changed The annual TD7 employer return deadline has moved from 28 February to 31 March, providing employers with additional time to compile payroll data. For the 2025 annual TD7 specifically, the deadline has been extended to 30 September 2026.
Document Retention Requirements
✦ New from 2026 The document retention period has been extended to 6 years from the submission deadline of the relevant tax return. This applies to all tax documentation, supporting records, and evidence of business transactions. Taxpayers must maintain organised records to satisfy this requirement and facilitate tax audits.
Submission of Revised Tax Returns
Starting from the 2018 tax year, taxpayers can submit a revised tax return within three years from the original submission deadline. In exceptional circumstances, the Cyprus Tax Department may accept late revised income tax returns, provided they meet the specific conditions outlined in Circular 9/2023. Revised tax returns must be submitted using Forms T.D.001AN2020 (for Individuals) and T.D.004AN2020 (for Companies).
Administrative Penalties ✦ Enhanced 2026
The 2026 reform introduces a tiered penalty structure based on entity size (determined by the previous year’s gross income). Penalties now vary depending on the nature of the violation and whether the entity’s gross income exceeds €1,000,000.
| Violation | ≤€1M Gross Income | >€1M Gross Income |
|---|---|---|
| Late filing of tax return | €150 | €500 |
| Late submission of supporting documents | €150 | €500 |
| Failure to maintain records / retain documents | €300 | €1,000 |
| Failure to file employer returns (TD7) | €300 | €1,000 |
| Late payment of tax | 5% penalty + additional 5% if unpaid after 2 months | |
Escalation: Where a taxpayer does not remedy the violation within 60 days of a formal notice from the Commissioner, additional penalties may be imposed. The Commissioner has discretion to escalate penalties for persistent non-compliance, and multiple violations can accumulate (each attracts its own penalty independently).
📋 Previous Provisions (until 2025)
Until 2025: A flat penalty of €100 was levied for late submission of a tax return or delayed submission of requested supporting documents, and €200 for failure to maintain proper records — applied regardless of entity size. The tiered structure from 2026 introduces proportionality, with higher penalties for larger entities reflecting their greater compliance capacity. The 5% + additional 5% late payment surcharge structure remains unchanged.
Public Interest Rate for Late Payment
The interest rate for late tax payments is determined by Ministerial Decree and is applied monthly on overdue tax amounts, accruing from the original due date until full payment. For 2026 the rate is 3.5% per annum (decreased from 5.5% in 2025). This is charged in addition to the 5% monetary surcharge (and additional 5% if unpaid after 2 months) described in the penalties table above.
| Period | Interest Rate (%) |
|---|---|
| Up to 31/12/2006 | 9 |
| 1/1/2007 – 31/12/2009 | 8 |
| 1/1/2010 – 31/12/2010 | 5.35 |
| 1/1/2011 – 31/12/2012 | 5 |
| 1/1/2013 – 31/12/2013 | 4.75 |
| 1/1/2014 – 31/12/2014 | 4.5 |
| 1/1/2015 – 31/12/2016 | 4 |
| 1/1/2017 – 31/12/2018 | 3.5 |
| 1/1/2019 – 31/12/2019 | 2 |
| 1/1/2020 – 31/12/2022 | 1.75 |
| 1/1/2023 – 31/12/2023 | 2.25 |
| 1/1/2024 – 31/12/2024 | 5 |
| 1/1/2025 – 31/12/2025 | 5.5 |
| 1/1/2026 – 31/12/2026 | 3.5 |
Disclaimer
This tax calendar provides general information and is intended as a guide only. Tax laws and regulations are subject to change. Individuals and businesses are advised to consult with a qualified tax professional for personalised advice and the latest updates on tax regulations and deadlines.
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