News and developments

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