As we navigate through the fiscal calendar, it’s crucial to stay ahead of tax obligations. Stavrinou & Co is here to remind you of the pivotal deadlines for tax filings and payments due in February 2024. Mark your calendars to ensure compliance and avoid any potential penalties.
February 10, 2024
- Social Insurance Contributions: For self-employed individuals covering the period from October to December.
February 12, 2024
- VAT Reporting: For businesses under VAT category A for the months of October to December.
February 15, 2024
- VIES Declaration: Monthly reporting for cross-border transactions within the EU for January.
February 29, 2024
A busy day with multiple dues:
- TD 602: Remit Special Defence Contribution (SDC) and General Healthcare System (GHS) contributions withheld on interest payments made to Cyprus tax residents in the previous month.
- TD 603: Submit payments for SDC (and GHS contributions if applicable) withheld on dividends distributed in the previous month to Cyprus tax residents.
- TD 614: Pay SDC (and GHS contributions if applicable) on rental income paid to Cyprus tax residents in the previous month.
- Note: When the tenant is a Cyprus entity (Company/Partnership/Governmental Organization/Local Authority), they must withhold and remit the SDC due.
- TD 61: Ensure the PAYE deducted from employees’ salaries for the previous month is paid.
- Social Insurance and GHS Contributions: For employee payroll processed in the previous month.
- Professional Tax for Limassol Municipality: The annual professional tax imposed by Limassol Municipality for the year 2023 is due.
Staying on top of these deadlines not only ensures compliance but also contributes to the smooth financial operation of your business or personal finances. Should you require further details or have any queries regarding these deadlines, Stavrinou & Co is at your disposal to provide the necessary guidance and support.
