Category: Tax

Extension of the submission deadline for income tax return for individuals According to the announcement by the Ministry of Finance, the deadline for the submission of the Individual Income Tax Return for the year 2022 and the payment of any due taxes/contributions based on the Return is extended until October 31, 2023. It is reminded… Continue reading Extension of the submission deadline for income tax return for individuals

Income tax amendment to Article 8(23A) of 50% tax relief for first employment in Cyprus On 30th June 2023 the Cyprus Parliament voted further amendments to Income Tax Law provisions of Article 8 (23A). The amendments are applied retrospectively from 1st January 2022. The tax relief for a person commencing employment in Cyprus is amended… Continue reading Income tax amendment to Article 8(23A) of 50% tax relief for first employment in Cyprus

Submission of individual tax declaration (TD1) for 2022 The final due date for submission of income tax declaration for individuals (TD1) for 2022 and payment of the tax due is 2nd of October 2023. The requirement for submission of income tax declaration for 2022 lies with employees, pension receivers and self-employed individuals for which the… Continue reading Submission of individual tax declaration (TD1) for 2022

Tax declaration for companies and individuals with audited financial statements for 2022 The Income Tax Declarations for Companies (Form TD4) and Self-Employed Individuals with Accounts (Form TD1 Acc.) for the Tax Year 2022 have been uploaded on the TAXISnet system and are now available for submission. The final due date for submitting the above Declarations… Continue reading Tax declaration for companies and individuals with audited financial statements for 2022