Monday, September 25, 2023

TAX SUBMISSIONS DEADLINE EXTENDED TO 31 OCTOBER

 Filenews 25 September 2023



The Ministry of Finance gave an extension until the end of October for the submission of tax returns for 2022.

In an announcement on platform X (formerly Twitter), the Ministry of Finance states that it has been decided, following a relevant proposal submitted to the Council of Ministers, that the date of submission of a tax return for the tax year 2022, as well as the deadline for the payment of the tax due according to this return (self-taxation), by a person other than self-employed and by a self-employed person who is not obliged to prepare audited or reviewed accounts, extended until October 31, 2023 at 23:59.

The original deadline for filing tax returns was October 2.

Employees, Pensioners and Self-employed have the obligation to submit an Individual Income Declaration 2022, whose gross total income for the year 2022 is greater than  €19.500.   If you have been residence in Cyprus for 17 or more years, even if your income is less than €19,500, you must submit a return on investment income for the defence levy.