1. ANNUAL COMPANY FEE 2017

The payment of the 2017 Company Fee of €350 by 30 June 2017, can be made electronically through the Department’s website https://efiling.drcor.mcit.gov.cy/DrcorPublic/SearchForm.aspx?sc=1  and JCC-Smart.

Should you wish us to make payment on your behalf of the Annual Company Fee, please make a transfer for the amount of €390 (€350 annual fee plus €40 handling fee including VAT) and state the company name of which the payment will be made.

  1. FILING OF TEMPORARY TAX RETURN FOR 2017 AND 1ST INSTALMENT IS DUE BY 31 JULY 2017 (PAYABLE BY 31 AUGUST 2017 WITHOUT INTEREST AND PENALTIES)

The due date for both the submission of the return and payment of the first instalment of the provisional tax of 2017 is 31 July 2017.

However, as long as the return is submitted and the 1st instalment is paid before 31 August 2017, there should neither be a monetary charge nor any interest for late payment of tax.

  1. PAYMENT OF FINAL CORPORATION TAX FOR THE YEAR 2016 IS DUE BY 1ST OF AUGUST 2017 (PAYABLE BY 31 AUGUST 2017 WITHOUT INTEREST AND PENALTIES)

Any difference between the actual income tax payable for the year 2016 and the temporary tax paid during that year is payable by 1 August 2017.

If payment is not made by 31 August 2017, interest will accrue at the applicable rate in force (currently 4% per annum) as from 1 August 2017 on the basis of completed months.

 

  1. PAYMENT OF 1ST INSTALMENT OF DEFENCE TAX ON RENTS

Payment of Contribution to the Defence Fund on Rental income received during the first half of the current year is payable by 30 June 2017 (provided that Defence tax is not withheld and remitted to the tax office via IR614 form).

It is noted that Special contribution to the Defence Fund is imposed on rental income received or deemed to have been received by any person resident in Cyprus. In case of individuals an exemption is granted if such individual is not domiciled in Cyprus.

 

  1. PAYMENT OF PERSONAL SELF ASSESSMENT TAX OF 2016

Persons that do not prepare Financial Statement’s for 2016 need to submit and pay by self-assessment the due tax for the year by 30 June 2017.

We are at your disposal to assist you with the preparation and submission of your income tax returns and payment of the company annual fee.

Call us and schedule your meeting today! CONTACT US

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Head office

2 Christ. Sozos str. Eiffel Tower
P.O.Box 21855, 1514 Nicosia, Cyprus

District  offices

Limassol / Lemesos
Paphos / Pafos