Cyprus Tax Diary

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Cyprus Tax Diary

Date

Description

End of each month (January - December) Payment of PAYE relating to employees' salaries for the previous month.
Payment of Special Defence Contribution and General Healthcare Contributions withheld on dividends or interest, or rent paid of Cyprus tax residents in the previous month.
Payment of tax withheld on payments to non-Cyprus tax residents of the previous month.
Payment of Social Insurance and General Healthcare Contributions relating to employees 'remuneration of the previous month.
31 January Submission of the deemed dividend distribution form (if applicable) for the relevant tax year (e.g. for tax year 2019 the deemed dividend distribution form must be submitted by 31 January 2022).
31 March Electronic submission of the Income Tax Return for the relevant tax year for companies and self-employed individuals who prepare audited financial statements (e.g. the income tax return for tax year 2020 should be submitted by 31 March 2022).
30 April Payment of the first instalment of the premium tax for insurance companies (life business) for the running tax year.
30 June Payment of Special Defence and General Healthcare Contribution for the first semester of the running tax year on rental income, dividend income or interest income from sources outside Cyprus or under self-assessment.
Payment to the Registrar of Companies of the €350 annual levy of the running tax year.
31 July Electronic submission of the Employers' return for the previous tax year.
Submission of the running tax year’s provisional tax return and payment of the first instalment for both individuals and companies.
Payment via self-assessment of any tax balance for the previous tax year’s for physical persons who do not prepare audited financial statements.
Electronic submission of the previous tax year’s Income Tax Return for salaried individuals whose gross income exceeds €19.500.
1 August Payment of the previous tax year’s tax balance via the self-assessment method for companies and self-employed individuals who prepare audited financial statements.
31 August Payment of the second instalment of the premium tax for insurance companies (life business) for the running tax year.
31 December     Electronic submission of the previous tax year’s Income Tax Return for self-employed individuals who do not prepare audited financial statements, provided their income exceeds €19.500.
Payment of the previous tax year’s personal income tax under the self-assessment method by self-employed individuals not preparing audited financial statements.
Payment of the second and last instalment of the running year provisional tax and/or submission of the running year revised provisional tax return (if required).
Payment of Special Defence and General Healthcare Contribution for the second semester of the running year on rental income, dividend income or interest from sources outside Cyprus or under self-assessment.
Payment of the third and last instalment of the premium tax for insurance companies (life business) for the running tax year.
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Privacy Policy

PURPOSE

The purpose of this Privacy Policy ("Policy") is to provide adequate safeguards for the handling of your Personal Data by Dimension Eleven Financial Consultancy Ltd ("d11") in accordance with the European General Data Protection Regulation (GDPR) and any other relevant Cyprus or European law.

DISCLOSURE OF PERSONAL DATA

We do not disclose your personal data to third parties other than for the purposes outlined in this Policy. Transfers to third parties may involve the exchange of such personal data with unrelated companies that provide support services for your account or facilitate your transactions with us, including those providing professional, legal or accounting advice to us.

SPECIAL CATEGORIES OF DATA

D11 will not process special categories of data ("sensitive data") without your prior explicit consent where this is necessary, unless otherwise required and / or enforced by law.

PURPOSES AND LEGAL BASES FOR THE PROCESSING OF PERSONAL DATA

We collect and process your personal data (1) after we obtain your consent for purposes marketing products that we believe you are interested in. We will therefore ask for your informed consent before we process any of your personal data for these specific purposes, (2) based on our legitimate interest in improving the content and functionality of our website, such as altering your personal information notifications, and (3) based on the necessity to perform activities in relation to the services we provide to you. We also process your personal data in order to comply with applicable laws and regulations.

YOUR RIGHTS

You have the right to access and update your personal information, the right to erasure, the right to portability of your data in a universally used form, the right of objection, and the right to object to automated decision-making.

Please note that these rights are not absolute and therefore subject to exceptions under the Community or Cyprus Laws.

CONNECTIONS

If you follow a link to any other websites, we encourage you to keep in mind that these sites have their own privacy policies and that we do not take any responsibility or responsibility for these policies.

COOKIES

Cookies are small data files that are placed on your computer or on an Internet-enabled device from websites in order to add features. This allows sites to improve their way of working, such as storing user-expressed preferences or tracking the use of a site by a user for statistical analysis. Cookies do not contain personal information, but if you provide us with personal data, they can be linked to the data stored in the cookie.

The site uses the following types of cookies:

Strictly necessary cookies for the operation of the site, and first-person cookies which provide us with personal data on the frequency of traffic.

By using this website, you agree to the use of cookies as described above. If you do not consent to the use of such cookies, you can block cookies by turning on the browser setting that allows you to refuse all cookies or certain cookies. However, we remind you that this may prevent you from accessing all or part of the site.

SECURITY

D11 is committed to preserving the confidentiality and integrity of personal data and to preventing unauthorised access to the data. We apply all required security measures to prevent any violation, alteration or destruction of personal data

DATA RETENTION

As long as there is no predetermined retention period required by law to retain any of your personal data, your personal data will only be retained for as long as it is necessary for the purposes of processing. We will then delete them safely taking all appropriate legal and technical measures.

TRANSFERS OF PERSONAL DATA TO OTHER COUNTRIES

D11 does not transfer personal data outside the EEA. However, if it is required to do so, it will implement appropriate transmission mechanisms in accordance with the law and will instruct you to inform you in advance.

REVISIONS

D11 reserves the right to modify this Policy at any time. Any changes will be posted on this page and, if necessary, will be communicated to you by email.

COMPLAINTS AND CONTACT DETAILS

If at any time a person would like to know more or believes that personal data concerning him / her are being processed in violation of this Policy, then he/she can file his/her complaints by sending an email to This email address is being protected from spambots. You need JavaScript enabled to view it. or by telephone at +357 22377555.

Supervising Authority

You also have the right to file a complaint with the Supervisory Authority, which is the Privacy Commissioner's Office:

1 Iasonos Street, 1082 Nicosia, Cyprus

P.O.BOX 23378, 1682 Nicosia, Cyprus

Tel: +357 22818456

Fax: +357 22304565

E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

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Welcome to our website!

We, at Dimension Eleven Financial Consultancy Ltd, are a team of young and enthusiastic professionals that endeavour in providing our clients with the best possible financial and corporate services in order to develop their business further whilst keeping them up to date with statutory financial and tax compliance requirements.

Our client-focused approach aims at identifying potential client needs and responding promptly to their requests in tackling any possible corporate issues that may arise.

This is achieved by actively listening to our clients, understanding their business operations, their goals, their objectives and their strategic positioning in the market.  This is the gateway in establishing mutual Trust and Respect which are key ingredients in attaining and preserving long standing business relationships. After all, our driving force is our clients.

In order to meet client needs, Dimension Eleven Financial Consultancy Ltd provides the following services: 

1.1.    Audit & Assurance
1.2.    Tax Services
1.3.    Compliance Services
1.4.    Internal Audit and Risk Assessment
1.5.    Financial Advisory
1.6.    Fund Services
1.7.    Cyprus Investment Firms (CIFs) Formation and Consulting
1.8.    Company Formation & Fiduciary Services

Looking forward to doing business with you. 

Nicolas Mantis MSc FCA
Managing director

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Privacy Policy

Introduction

Dimension Eleven (D11) Consultancy Limited is strongly committed to each visitor’s right to privacy. This privacy statement applies to Dimension Eleven (D11) Consultancy Limited only. If you as a visitor choose to register or submit information to this Website, you agree to the use of such data in accordance with this privacy statement. Please note that this site contains links to other sites, including sites which may not be governed by this privacy statement.

If you have any questions regarding this privacy statement or do not feel that your concerns have been addressed, please direct your questions to Webmaster Services using the Contact link.

Information Collection

As a visitor, you do not have to submit any personal information in order to use the Web site. The site collects only personally identifiable information that is specifically and voluntarily provided by visitors. Such information may consist of, but is not limited to, your name, current job title, company address, email address and telephone and fax numbers.

We do not usually seek sensitive information (e.g., data relating to race or ethnic origin, religious beliefs, criminal record, physical or mental health, or sexual orientation) from visitors. We will, where necessary, obtain visitors’ explicit consent to collect and use such information

Cookies and Web Beacons

To ensure that our Web site is well managed and to facilitate improved navigation within the site, we or our service provider(s) may use cookies (small text files stored in a user’s browser) or Web beacons (electronic images that allow the Web site to count visitors who have accessed a particular page and to access certain cookies) to collect aggregate data.

We may use such devices to track information on our systems and identify categories of visitors by items such as IP address, domain, browser type and pages visited. This information is reported to our Webmasters who use the information to analyse the number of visitors to different areas of the site and to make sure that our Web site is serving as a useful, effective information source.

Neither cookies nor Web beacons collect personal information such as your name or email address. Cookies can be rejected, however, under specific circumstances, visitors may be denied access to some parts of our site if their browsers reject cookies.

To ensure that our Web site is well managed, we or our service provider may track information on our systems and identify categories of visitors by items such as domain, company IP address and browser type. Our internal webmasters use this information to analyse the number of visitors to different areas of our site to make sure that our Web site is serving as a useful and effective information source.

Information Use

Personal information is used only for limited purposes. For example, when you register with the Web site to gain access to premium content or request future communications about Dimension Eleven (D11) Consultancy Limited areas of interest, such as specific Dimension Eleven (D11) Consultancy Limited publications or marketing campaigns, we may use the information you submit to create a personal profile to customise our response to further requests or inquiries. We may also use the information to personalise your Web site experience. And, when you choose to register online for an Dimension Eleven (D11) Consultancy Limited-hosted event, we will use the information you submit to respond to you. We may on occasion share your details with fellow delegates of the event to which you have registered. You have the right to unsubscribe from this service as part of the registration process. In addition, the web masters may, where necessary, use your information for various site related tasks.

We will ensure that our marketing activities comply with applicable law, and implement procedures to obtain necessary consents before sending you email containing information about Dimension Eleven (D11) Consultancy Limited service offerings. You may at any time request that we discontinue sending you such materials.

Disclosure of Information to Third Parties

Although we may provide visitors’ information to service providers that handle information on our behalf, we will usually not share the information with third parties for secondary or unrelated purposes unless otherwise disclosed at the point of collection.

Where appropriate, personal information may be disclosed to law enforcement, regulatory or other government agencies, or third parties where necessary or desirable to comply with legal or regulatory obligations or requests or for the purposes identified above.

Access to Information

We are dedicated to providing reasonable access to visitors who wish to review the personal information retained when they register with our Web site and correct any inaccuracies it may contain. Visitors who choose to register may access their user profile, correct and update their details, or unsubscribe at any time. Visitors who have any problem accessing their profiles, or would like to request a copy of their personal information should contact Webmaster Services using the Contact link. In all cases we will treat requests to access information or change information in accordance with applicable legal requirements.

Information Security

We have in place reasonable commercial standards of technology and operational security to protect all information provided by visitors from loss, misuse, alteration or destruction.

Changes to our Privacy Policy

Dimension Eleven (D11) Consultancy Limited, reserves the right to modify or amend this privacy statement at any time and for any reason. Nothing contained herein creates or is intended to create a contract or agreement between Dimension Eleven (D11) Consultancy Limited and any user visiting the Web site or providing identifying information of any kind.

Children's Privacy Protection

Dimension Eleven (D11) Consultancy Limited understands the importance of protecting children's privacy in the interactive online world. The Web site covered by this privacy policy is not designed for or intentionally targeted at children 13 years of age or younger. It is not our policy to intentionally collect or maintain information about anyone under the age of 13.

Visitors' Questions

If you have any questions or concerns regarding your privacy while using this Web site, please direct them to Webmaster Services using the Contact link.

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