Cyprus tax calendar

The Cyprus tax year

The Cyprus tax year coincides with the calendar year, 1 January - 31 December. So, for example, the 2026 tax year begins on 1 January 2026 and ends on 31 December 2026. Business profits earned or accrued during this period will be subject to tax in the 2026 tax year.

To illustrate the entire process, let's assume a Cyprus company was incorporated on 1 January 2026 and has its accounting year from the 1st January to the 31st December. The newly established company, within 60 days from its incorporation (in other words, by end of February 2026), has to register with the Cyprus tax authority and obtain a tax identification code (TIC) also refered as tax indentification number (TIN).

Corporate income tax deadlines in 2026

1 Aug 2026

By 1 August 2026 the company will have to compute, declaire and pay its first installment of provision tax. The provisional tax is a declaration of chargeable income and tax liability thereof for the current year. If profits are not expected for the tax year, the company does not need to compete provisional/temrpoary declaration and of course, will not make any payments.
31 Dec 2026

Second and final instalment of temporary tax is due by 31 December 2026. It is also important to note that a revision of the tax amount without incurring the 10% surcharge can be made only up to 31 December of the same tax year.

important

The tax legislation states that if the provisional profit declared is less than 75% of the actual profit; interest and surcharges will be applied on the unpaid amount of tax. For example, a company forecasts and declares €300,000 of net profit. If the net profit turned out to be, say €500,000 and not €300,000, there will be a 10% surcharge on the amount of tax underpayment, in addition to the regular 12.5% corporate tax on the €500,000.

Corporate income tax deadlines in 2027

1 Jun 2027

The 2026 audit should starts as soon as the company finalizes it year end accounts. The result of the audit is the audited financial statements and the corporate income tax return (TD.4) The TD.4 is based on the audited accounts and signed by the auditors or tax consultants as well as by the company director.
1 Aug 2027

A self-assessment is made on or before 1 August 2027 whereby the company states its final 2026 net profit and tax thereof less provisional tax payments made. If there was an underpayment of tax, the same has to be paid by 1 August 2027 in order to avoid the accumulation of penalty interest. If the 2026 audit was completed by 1 August then any differences in the provisional tax can be settled together with the self-assessment and in agreement with the TD.4.
31 March 2028

The TD.4 corporate tax return for the tax year 2026 must be submitted electronicaly through TAXISnet on or before 31 March 2027 which is 15 months from the end of the tax year. After the 2026 TD.4 is submitted there are no other deadlines related to corporate tax for the tax year 2026.

The Cyprus Tax Department will issue an assessment within 6 years from the time the TD.4 was submitted.