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Registration to the Tax Department – Income Tax and Value Added Tax


Obligation to register with the Tax Department for Income Tax purposes has:

  • A physical person when his/her gross annual income exceeds €19,500
  • Legal entity (company) established in the Republic of Cyprus.

Obligation to register with the Tax Department for Value Added Tax (VAT) purposes has:
  • A physical or legal person established in the Republic of Cyprus whose taxable-transactions value of the goods and services that were carried out over the 12 preceding months period, or which will be carried out within the next 30 days has exceeded or will exceed €15,600
  • Person (physical or legal) who makes acquisitions (from other Member States) in the Republic of Cyprus if:
    • at the end of any one month, the total value of its acquisitions over the period of one year, starting from the 1st of January, exceeds the threshold of €10,251.61
    • whenever there are reasonable grounds to believe that the value of this person's acquisitions over the next 30 days will exceed the threshold of €10,251.61.
Show details for Registration ProcedureRegistration Procedure
Hide details for Obligations and SupervisionObligations and Supervision

Any delay in the submission of declarations and/or the payment of taxes, for all the cases described below, shall be charged with interest, fines and charges as provided by the current, in force legislation.
  • Legal entities (companies) have the obligation to:
    • issue invoices and receipts and keep accounts and records;
    • prepare audited financial statements through an approved auditor;
    • submit electronically via the TAXISnet system Form T.D. 4 (declaration) “Company Income Tax Returns”, 15 months after the end of the tax year (e.g. the income tax return for the year 2016 may be submitted by 31/03/2018, or up to the date set by the Commissioner;
    • submit “Temporary Tax Assessment” where during the current tax year, it is estimated what the expected taxable profit of the company is going to be . The resulting tax (on the estimated profit ) must be paid in two equal instalments on 31/07 and 31/12 of the current tax year. Payment can be done electronically through the JCCsmart service;
    • submit self-assessment by filling in the Form I.R.158A “Self Assessment of Companies and Other Bodies” and pay the resulting tax in accordance with their own computations by August 1st of the year following the tax year concerned. Payment can be done electronically via the JCCsmart service.
  • Self-Employed individuals whose annual turnover does NOT EXCEED €70000 have the obligation to:
    • submit electronically via the TAXISnetsystem the Form T. D. 1 “Declaration of Income Self Employed” until the 30/09 of the following year or up to the date set by the Commissioner;
    • submit “Temporary Tax Assessment” where during the current tax year, it is estimated what the expected taxable profit of the company is going to be . The resulting tax (on the estimated profit) must be paid in two equal instalments on 31/07 and 31/12 of the current tax year. Payment can be done electronically through the JCCsmart service
    • submit self –assessment by filling in the Form I.R. 158A SE “Self Assessment for Individuals”, and pay the resulting tax until 30/06 of the year following the tax year concerned or up to the date set by the Commissioner;
    • Payment can be done electronically via the JCCsmart service.

  • Self-Employed individuals whose annual turnover exceeds €70000 have the obligation to:
    • issue invoices and receipts and keep accounts and records;
    • prepare audited financial statements through an approved auditor;
    • submit electronically via the TAXISnet system Form T.D. 1 “Declaration of income Self Employed” , 15 months after the end of the tax year. (e.g. the income statement for the year 2016 may be submitted by 31/03/2018, or up to the date set by the Commissioner;
    • submit “Temporary Tax Assessment” where during the current tax year, it is estimated what the expected taxable profit of the individual is going to be. The resulting tax (on the estimated profit) must be paid in two equal instalments on 31/07 and 31/12 of the current tax year. Payment can be done electronically through the JCCsmart service ;
    • submit self – assessment by filling in the Form I.R.158A SE “Self Assessment for Individuals” and pay the resulting tax in accordance to their own computation by the 1st of August of the year following the tax year concerned. Payment can be done electronically via the JCCsmart service.
  • Individuals/Employees have the obligation to:
    • submit electronically via the TAXISnet system Form TD 1Α “Declaration of Income - Employee” , until the 31/07 of the following year or up to the date set by the Commissioner;
    • complete the "Tax Computation for Individuals" section on the “Declaration of Income”. The tax likely to occur must be paid up to 30/06 of the year following the tax year concerned or up to the date set by the Commissioner. Payment can be done electronically through the JCCsmart service.
  • Employers have the obligation to:
    • submit electronically via the TAXISnet system an “Employer's Declaration” form until the 30th of April of the following tax year or up to the date set by the Commissioner;
    • submit a Monthly Status of Employer Deductions for the income tax and contributions withheld from employees ,and pay the tax withheld by the end of the following month, which follows the month for which the retention was made. Payment can be done electronically through the JCCsmart service
  • Persons Registered for VAT purposes have the obligation to:
    • submit electronically via the TAXISnet system the Form T.D. 1004 “VAT Declaration” and pay the tax due by the 10th day of the second month following the end of their tax declaration.


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Related Links

Tax Department
Tax Rates for Income Tax
VAT Rates
VIES VAT number validation - European Commission
TAXISNET Service
JCCsmart Service - Tax Department

Related Documents

Download the Acrobat fileT.D. 2001 - Application for Obtaining a Tax Number.pdf
Download the Acrobat fileT.D. 1101 - Additional Application for VAT Registration (GR).pdf
Download the Acrobat fileT.D. 2003 - Amendment of Taxpayer's Data.pdf
Download the Acrobat fileVAT 102 (GR).pdf



Last Update on: 15/05/2020 01:41:34 PM


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