Filenews 1 May 2025
The submission of a Personal Income Tax Return for the tax year 2024 has begun through the TAXISnet system, the Tax Department announced, noting that the last date for the timely submission of the return and payment of the tax due is July 31, 2025.
As stated in the announcement, based on a Decree of the Council of Ministers, Employees, Pensioners and Self-Employed, whose Gross Income for the year 2024 exceeds the amount of €19,500, are obliged to submit a Personal Income Declaration for the Tax Year 2024.
Also, if you have been resident in Cyprus for 17 or more years, you must submit an annual return of interest received, ie 'defence levy', even if your annual income does not exceed €19,500.
Useful informative material has been posted on the website of the Tax Department for completing and submitting the Return.
https://www.mof.gov.cy/mof/tax/taxdep.nsf/index/index?opendocument