2027 is the first full compliance year after the Cyprus tax reform, and it is an awkward one. Corporate tax is now 15%, the deemed dividend rules are winding down, the deadline for the corporate tax return is moving, and the government’s 2027 budget promises tougher enforcement. Several familiar dates have shifted, and a few have disappeared. This calendar sets out what a Cyprus company and its directors need to file and pay in 2027, plus the Q4 2026 items that are still open.
What Changed for 2027
The reform package was enacted on 31 December 2025 and applies mostly from 1 January 2026. The changes that affect the compliance calendar:
- Corporate income tax rose from 12.5% to 15% from tax year 2026.
- Deemed dividend distribution was abolished for profits made after 31 December 2025, with transitional rules for 2024 and 2025 profits.
- Special Defence Contribution (SDC) on dividends for resident, domiciled individuals fell from 17% to 5%; SDC on rental income was abolished.
- The corporate tax return deadline moves from 15 to 13 months after year-end, starting with tax year 2026 (due 31 January 2028).
- Tax losses can be carried forward for seven years instead of five ‹verify: KPMG reports up to ten years under conditions›.
- Stamp duty was abolished, and late-filing penalties increased.
We track the reform in more detail in our Cyprus tax reform 2026 live update.
Still Open From Q4 2026
- Beneficial ownership confirmation: every Cyprus company must confirm its beneficial owners in the Registrar’s BOR system between 1 October and 31 December 2026. Penalties can reach €5,000 ‹verify›. Our UBO filing rules guide covers the details.
- Overdue annual returns: companies that received the Registrar’s February 2026 reminder letters have until 31 December 2026 to file outstanding HE32 forms and financial statements, after which strike-off continues under section 327. See our article on the 31 December strike-off deadline.
- Second provisional tax installment for 2026: due 31 December 2026, and the last chance to revise the 2026 estimate.
Cyprus Company Calendar 2027, Month by Month
| Deadline | Obligation |
|---|---|
| Every month (end of following month) | Monthly TD7 filing and payment of PAYE, social insurance and GESY withheld from salaries; SDC/GESY withheld on dividends paid (TD603) |
| 31 January 2027 | SDC on 2024 profits caught by the transitional deemed dividend rules ‹verify› |
| 10 February 2027 | VAT return and payment for Q4 2026 (calendar quarters) |
| 31 March 2027 | Corporate tax return (TD4) for tax year 2025, with the transfer pricing Summary Information Table where applicable |
| 10 May 2027 | VAT return and payment for Q1 2027 |
| 31 May 2027 | Annual employer return (TD7) for tax year 2026 ‹verify› |
| 31 July 2027 | Provisional tax declaration for 2027 and first installment |
| 10 August 2027 | VAT return and payment for Q2 2027 |
| 1 October – 31 December 2027 | Annual beneficial ownership confirmation (expected, based on the 2026 cycle) |
| 10 November 2027 | VAT return and payment for Q3 2027 |
| 31 December 2027 | Second provisional tax installment and last date to revise the 2027 estimate |
VAT deadlines falling on a weekend or holiday move to the next working day, and the Tax Department often grants short extensions; in 2026 several quarterly deadlines were moved to the 20th. Treat the 10th as the planning date. VIES returns are due by the 15th of the following month.
Two Dates That Are Not in 2027
Two items companies have historically planned for do not fall in 2027:
- The tax year 2026 corporate tax return and final payment are due 31 January 2028 under the new 13-month rule. The 2025 balance was already due on 1 August 2026.
- The €350 annual levy was abolished from 2024, although unpaid levies for 2011–2023 remain due with penalties.
Companies Registrar: Annual Returns
The HE32 annual return, with financial statements, must be filed within 28 days of the company’s annual return date: 18 months after incorporation, then yearly. Under the 2024 amendment to the Companies Law, the late-filing penalty is €50 plus €1 per day, capped at €150, on top of the filing fee. The bigger risk is strike-off, which the Registrar is now actively pursuing.
Penalties and the 2027 Budget’s Enforcement Push
From 1 January 2026, the fixed penalty for a late tax return is €250 for small entities (turnover up to €1 million) and €500 for larger ones, doubling if a further deadline set by the Tax Commissioner is missed. Late payment carries a 5% surcharge, plus another 5% if the tax remains unpaid two months later, and interest at the public interest rate ‹verify 2026/2027 rate›. Provisional tax declared below 75% of the final liability attracts a 10% surcharge on the difference.
The Cabinet approved the €11.1 billion 2027 State Budget on 16 September 2026, and it goes to Parliament in December. Alongside it, the government has signalled risk-based audits, unannounced inspections, liens and account freezes for tax arrears, and wider use of the Tax For All (TFA) system. Payroll returns and payments already go through TFA only. In short, Cyprus is moving from reminders to enforcement, and a missed deadline is now more expensive than it was.
How to Stay Ahead
- Put every date above in a shared calendar with a named owner.
- Close the beneficial ownership confirmation and any overdue HE32 before 31 December 2026.
- Prepare 2025 financial statements early, since the TD4 deadline is 31 March 2027.
- Re-estimate 2027 profits at the 15% rate before the July provisional declaration.
If you are setting up a new entity or taking over compliance for an existing one, our Cyprus company formation team can handle registration and the ongoing filings.
Frequently Asked Questions
When is the Cyprus corporate tax return due in 2027?
The TD4 for tax year 2025 is due by 31 March 2027. The return for tax year 2026 is due by 31 January 2028 under the new 13-month rule.
What are the provisional tax dates for 2027?
Submit the 2027 provisional tax declaration and pay the first installment by 31 July 2027; pay the second installment by 31 December 2027, which is also the last date to revise the estimate.
Do Cyprus companies still pay the €350 annual levy?
No. The levy was abolished from 2024, but unpaid levies for earlier years are still collectable.
What is the penalty for filing a Cyprus tax return late?
From 2026, €250 for small entities and €500 for larger entities, plus surcharges and interest on any late tax.
When must beneficial owners be confirmed?
Annually between 1 October and 31 December. For 2026 the deadline is 31 December 2026.
Sources: EY, Cyprus enacts major tax reform legislation (January 2026); PwC Worldwide Tax Summaries, Cyprus tax administration; Department of Registrar of Companies, annual return guidance and late-filing calculator; Harris Kyriakides, updated filing deadlines 2026; Cyprus Mail on the 2027 budget (16 September 2026) and on the new tax penalties (12 February 2026). Fiscal year: 2027 (tax years 2025–2027). Last updated: October 2026.
Disclaimer: This article is general information as of October 2026 and is not tax or legal advice. Deadlines are frequently extended or changed by the Tax Department; confirm each date with your accountant or the Tax Department before relying on it.
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