Services
Tax Diary
End of each month | Tax deducted (PAYE) from employees’ | TD61 |
Contribution to the Defence Fund deducted from dividends, interest or rent | TD601 | |
Social Insurance and other contributions deducted from employees’ salaries | ||
Payment of tax withheld on payments made to non-tax residents during the | TD7 | |
31 January | Submission of the deemed dividend distribution declaration for 2017 | TD623 |
31 March | Electronic submission of 2018 income tax return for individuals and companies | TD1/TD4 |
30 April | Payment of the 1st instalment of the premium tax of life insurance companies for 2020 | TD199 |
30 June | Payment of Special Contribution for Defence on rents, dividends or interest from sources outside the Republic for the first 6 months of 2020 | TD601 |
Payment of income tax balance for 2019 through self-assessment by individuals who do not prepare audited accounts | TD158 | |
31 July | Electronic submission of personal tax return for 2019 by salaried individuals whose gross income exceeds €19.500 | TD1 |
Electronic submission of employers’ return and employees’ details for 2019 | TD7 | |
Submission of provisional tax assessment for 2020 and payment of the 1st | TD5,TD6 | |
1 August | Payment of prior year’s income tax through self-assessment for companies & individuals preparing audited accounts | TD158 |
31 August | Payment of 2nd instalment of the premium tax of life insurance companies for 2020 | TD199 |
30 September | Electronic submission of personal tax return for 2019 by individuals (self- employed) not preparing audited accounts if their income exceeds €19.500 | TD1 |
31 December | Submission of 2020 revised provisional tax return, if applicable, and payment of the second installment of 2020 provisional tax | TD5,TD6 |
31 December | Payment of Contribution to the Defence Fund on rental income earned during the last 6 months of 2020 | TD601 |
Payment of 3rd and last instalment of the premium tax of life insurance companies for 2020 | TD199 | |
10th day of the | Submission of VAT return and payment of the VAT due | VAT4 |
By the 15th of the next month | Submission of VIES | VIES1 |
By the 10th of the next month | Submission of Intrastat | Intrastat1.1 |
Electronic submission of tax returns
Every person (individual or company) who has an obligation to submit a tax return in accordance with the provisions of the Assessment and Collection of Taxes law must do so electronically.
Administrative penalties
An administrative penalty of €100 or €200 (depending on the specific case), is imposed for the late submission of a tax return or late submission of supporting documentation requested by the Commissioner. In the case of late payment of the tax due, an additional penalty at the rate of 5% is imposed on the unpaid tax.
Public interest rate
The public interest rate for late payment of tax is set by the Minister of
Finance though a decree and it is applicable for the whole year. The applicable interest rates for the previous years are as follows:
Up to 31/12/2006 | 9 |
01/01/2007 – 31/12/2009 | 8 |
01/01/2010 – 31/12/2010 | 5,35 |
01/01/2011 – 31/12/2012 | 5 |
01/01/2013 – 31/12/2013 | 4,75 |
01/01/2014 – 31/12/2014 | 4,5 |
01/01/2015 – 31/12/2015 | 4 |
01/01/2016 – 31/12/2016 | 4 |
01/01/2017 – 31/12/2017 | 3,5 |
01/01/2018 – 31/12/2018 | 3,5 |
01/01/2019 – 31/12/2019 | 2,0 |
01/01/2020 - 31/12/2020 | 1,75 |