Tax Update Cyprus
Tax Update
Cyprus Tax Department has announced that, as of June 1st 2018, the following taxes, not bearing interest and charges, can ONLY be paid via JCCsmart (website www.jccsmart.com.cy). JCCsmart is a Cyprus portal used to contact payments to various organizations including the Government. This measure follows the successful implementation of the Pay As You Earn (PAYE) tax withheld from employees through JCCsmart.
It is important to know that payments to the below taxes can only be made on or before their deadline as payments with penalties and interest can only be made at the Tax Department’s Collection offices located in each District.
| Tax Code | Description |
| 0114 | Reduction in Salaries and Wages of the Broader Public Sector |
| 0200 | Temporary Income Tax for Individuals and Companies |
| 0300 | Self-Assessment of Income Tax for Individuals and Companies |
| 0300 | Income Tax (without charges) |
| 0602 | Special Contribution for Defence withheld from Interest at source |
| 0604 | Special Contribution for Defence on Rental Income |
| 0612 | Special Contribution for Defence on Interest Income without deduction at source |
| 0603 | Special Contribution for Defence withheld from Dividends at source |
| 0613 | Special Contribution for Defence on Dividends without deduction at source |
| 0614 | Special Contribution for Defence withheld from Rents at source |
| 0623 | Special Contribution for Defence withheld on Deemed Dividend |
Please contact a member of our staff for further information and/or clarifications.
12th Demostheni Severi Avenue, 6th Floor, Office 601, 1080 Nicosia, Cyprus
Tel: +35722465500, Fax: +35722338500, Email: [email protected]
Web: www.americanoslaw.com
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