Filenews 16 May 2024 - by Eleftheria Paizanou
Much earlier than last year, the filing of tax returns for the 2023 tax year began.
This year, the declaration of employees and self-employed for 2023 has been posted on time on the TAXISnet Service and is available to the public for submission.
Employees, pensioners and self-employed persons whose gross income for the year 2023 is greater than €19,500 are obliged to submit a declaration. The deadline for filing an individual's income return for tax year 2023 is July 31, 2024.
The Commissioner of Taxation, Sotiris Markides, speaking to "F", stated that any submission of a tax return after July 31, 2024 is considered a late submission of a return and is charged with a €100 charge. He also said that last year, by the deadline for filing the 2022 personal income return, 293,500 tax returns were filed.
According to the Commissioner of Taxation, automations continue to exist in the 2023 Income Declaration, such as the automatic completion of pension amounts and corresponding deductions (income tax and GHS) from the General Accounting Office and Social Insurance Services, the automatic calculation of totals and the automatic transfer of the amounts of the Declaration to the Part Calculation of Tax, GHS and Special Contribution for Defence.
It is worth noting that last year there was a delay in posting the 2022 personal income statement due to the late passage of legislation affecting the tax system of the year.
