TAX DEADLINE 31 OCTOBER - FOR SUBMISSION AND PAYMENT

 

TAX DEADLINE 31 OCTOBER - FOR SUBMISSION AND PAYMENT

Final reminder that tax returns are due, submitted and paid by 31 October to avoid any penalty.

REMINDER -THE HOLIDAYS ATE UP THE TAX RETURNS - MUST BE SUBMITTED AND PAID BY 31 OCTOBER

 

REMINDER -THE HOLIDAYS ATE UP THE TAX RETURNS - MUST BE SUBMITTED AND PAID BY 31 OCTOBER - Filenews 26/8 by Eleftheria Paizanou


A little bit of summer laziness and a little bit of a last-minute bad habit is expected to lead hundreds of taxpayers to run the last minute to submit their employee and self-employed income returns for the tax year 2025.

So far, only 24.6% of taxpayers have proceeded with the final submission of their tax returns. It is recalled that the submission of income declarations began in mid-June and will be completed [and paid] by October 31.

TAX REFUNDS GO DIGITAL AS CYPRUS MOVES IBAN CHANGES TO TAX FOR ALL

TAX REFUNDS GO DIGITAL AS CYPRUS MOVES IBAN CHANGES TO TAX FOR ALL - Cy Mail 23/9 by Souzana Psara


Cyprus taxpayers wishing to register or change the bank account used for payments from the Tax Department will have to do so exclusively through Tax For All from October 5, with requests sent by email no longer accepted.

Under the new procedure, taxpayers will need to enter the Tax For All (TFA) portal using their CY Login credentials and submit the completed T.D. 2008 form, together with an IBAN certificate issued by their bank.

The Tax Department made clear that the bank account must be held in the name of the person or entity entitled to receive the payment.

NEW PROCEDURE FOR REGISTERING OR MODIFYING IBAN THROUGH TAX FOR ALL

 

NEW PROCEDURE FOR REGISTERING OR MODIFYING IBAN THROUGH TAX FOR ALL

New procedure for registering or modifying IBAN through Tax For All. See the guide with the necessary steps and justifications:

https://www.gov.cy/.../sites/167/2026/09/Manual-ENQ-IBAN.pdf

THE HOLIDAYS ATE UP THE TAX RETURNS - MUST BE SUBMITTED AND PAID BY 31 OCTOBER

THE HOLIDAYS ATE UP THE TAX RETURNS - MUST BE SUBMITTED AND PAID BY 31 OCTOBER - Filenews 26/8 by Eleftheria Paizanou


A little bit of summer laziness and a little bit of a last-minute bad habit is expected to lead hundreds of taxpayers to run the last minute to submit their employee and self-employed income returns for the tax year 2025.

So far, only 24.6% of taxpayers have proceeded with the final submission of their tax returns. It is recalled that the submission of income declarations began in mid-June and will be completed [and paid] by October 31.

TAX FOR ALL - THE GREAT TRANSITION OF 2027

TAX FOR ALL - THE GREAT TRANSITION OF 2027 - Filenews 13/8 by Eleftheria Paizanou

With additional services and applications, the Tax For All (TFA) computerized system is strengthened. At the beginning of 2027, all direct taxes will be transferred to the new software system.

Tax For All is the new, unified and integrated information system of the Tax Department, which simultaneously serves citizens, businesses and the staff of the Department through a common digital environment. Specifically, it consolidates all tax processes into a modern platform, offering a simplified, transparent and secure service. Through TFA, users can easily manage their obligations while staff work with unified back-office tools, enhancing efficiency and tax compliance. The direct taxes that will be incorporated into the TFA next year are taxes levied directly on the income or property of individuals and businesses by the state.

THE TAX IS ''LURKING'' FOR RECEIPTS - IT STARTS RAIDS ON BUSINESSES

THE TAX IS ''LURKING'' FOR RECEIPTS - IT STARTS RAIDS ON BUSINESSES - Filenews 28/6 by Eleftheria Paizanou


The lies are over for those businesses that do not issue receipts and invoices, but also for those with tax debts over €20,000. In a few days, the tax collectors will be taking to the streets, raiding businesses located mainly in tourist areas and activating the new weapon they received in their hands, in the context of the tax reform that has been implemented since the beginning of the year.

IN THE NETS OF THE TAX - 513 DEBTORS WITH DEBTS OF €44 million

IN THE NETS OF THE TAX - 513 DEBTORS WITH DEBTS OF €44 million - Filenews 24/6 by Eleftheria Paizanou



For years, 513 large debtors were hiding from the Tax Department, who owed tens of millions of euros in taxes. These were evaluated by the competent Department as high-risk taxpayers, as, despite their accumulated debts, they managed for years to deceive and play hide and seek with the tax authorities.

Last year, after coordinated planning, campaigns and raids by the competent authorities, the 513 major debtors, who had direct tax and VAT debts amounting to €44.1 million, were caught in the pincers of the Tax. In the last two years, the Tax Department identified a total of 1,059 large taxpayers, whom it managed to tax, collecting about €99.5 million for the state coffers.

TAX PORTAL FOR 2025 RETURNS OPEN - UNTIL 31 OCTOBER - LATE SUBMISSION WILL INCUR A FINE OF €150

TAX PORTAL FOR 2025 RETURNS OPEN - UNTIL 31 OCTOBER - LATE SUBMISSION WILL INCUR A FINE OF €150 - Filenews 19/6 by Eleftheria Paizanou

The tax deductions from income tax and the increase in the tax-free allowance, which were approved in the context of the tax reform, may be fully implemented with the tax returns we will submit next year (tax year 2026), however, the aspect of the increase in fines will be implemented from this year.

Specifically, yesterday the Tax Department posted on its page the personal income statement for the tax year 2025, with taxpayers having a total of 135 days to comply, i.e. until October 31. Despite the changes made to the tax reform, this year we will follow the same procedure as in previous years. That is, tax returns will be submitted through the existing TAXISnet system.

TAXISnet PORTAL EXPECTED TO OPEN LATER THIS COMING WEEK - DEADLINE 31 OCTOBER

TAXISnet PORTAL EXPECTED TO OPEN LATER THIS COMING WEEK - DEADLINE 31 OCTOBER- Filenews 14/6

By the end of the new week, the Personal Income Statement, without accounts, for the tax year 2025 is expected to be posted on the TAXISnet System, marking the start of the submission process.

As stated by the Commissioner of Taxation, Sotiris Markidis, the deadline for the submission of the Return, as well as for the payment of taxes and contributions, has been set for October 31, 2026.

THE TAX DEPARTMENT TO CARRY OUT BARRAGE OF SWEEPING INSPECTIONS IN THE COASTAL AREAS - RECEIPTS AND 500 COMPANIES WITH TAX DEBTS OF MORE THAN €1million ARE FIRST TARGETS

THE TAX DEPARTMENT TO CARRY OUT BARRAGE OF SWEEPING INSPECTIONS IN THE COASTAL AREAS - RECEIPTS AND 500 COMPANIES WITH TAX DEBTS OF MORE THAN €1million ARE FIRST TARGETS - Filenews 10/6 by Eleftheria Paizanou

In July and August, the Tax Department will proceed with a barrage of sweeping inspections of businesses in coastal areas, as part of the measures included in the tax reform to deal with tax evasion.

At the center of the taxpayers will be businesses that operate mainly during the summer months in areas with high tourist traffic, while those that violate the law will see their premises sealed until their owners comply.

TAX RETURNS PORTAL TO OPEN IN JUNE - DEADLINE WILL BE 31 OCTOBER TO AVOID A FINE

TAX RETURNS PORTAL TO OPEN IN JUNE - DEADLINE WILL BE 31 OCTOBER TO AVOID A FINE - Filenews 9/6 - by Eleftheria Paizanou

 The submission of employee and self-employed income returns for the tax year 2025 is expected to begin soon. According to a decision of the Council of Ministers, the deadline for submitting tax returns will be October 31.

Therefore, taxpayers will have about four months to comply and submit additional income returns. This year, the submission of tax returns was delayed due to the tax reform that has been implemented since the 1st of the year and the changes made by the private company to the Tax For All computerized system, which incorporates all the changes in the modern system of the Tax Department.

NEW TAX TREATMENT FOR REAL ESTATE AGENTS

NEW TAX TREATMENT FOR REAL ESTATE AGENTS  - Filenews 3/6 by Eleftheria Paizanou

As of September 1, the tax treatment of real estate transactions, commissions and fees received by real estate agents, as well as the services they provide for the purchase and sale of real estate located in the Republic, will change. The Tax Department, in its circular, provides clarifications in relation to the handling of commissions paid for the conduct of real estate brokerage. The changes focus mainly on commissions received by real estate agents, both inside and outside Cyprus, fees for the provision of advisory services for transactions that are not considered real estate brokerage, other procedural services of a low added value, as well as supporting elements for real estate services.

LAST YEAR'S TAX RETURNS SHIFT TO TAXISnet AS TFA RULLOUT PUSHED TO 2027

LAST YEAR'S TAX RETURNS SHIFT TO TAXISnet AS TFA RULLOUT PUSHED TO 2027 - Cy Mail 24/5 by James Morphakis


Taxpayers in Cyprus will submit their 2025 income tax returns through the existing TAXISnet system following a decision by the Tax Department in April to delay full implementation of the Tax For All (TFA) platform.

The Tax Department confirmed that employees and self-employed individuals without audited accounts will continue using TAXISnet for the current filing year, reversing earlier expectations that the newly formed TFA, would handle income tax submissions.

CYPRUS' NEW PERSONAL TAXATION REGIME

CYPRUS' NEW PERSONAL TAXATION REGIME - Cy Mail 17/5


The Cypriot tax landscape has undergone a significant recalibration following the entry into force of a broad package of fiscal reforms, effective as from the January 1, 2026. Although a considerable part of the legislative focus has centred on corporate-related matters, the amendments introduced in the area of personal taxation are also noteworthy, particularly for internationally mobile individuals, foreign executives and high-net-worth investors considering Cyprus as a jurisdiction for relocation, employment and long-term wealth structuring.

The revised framework reflects a clear policy objective of enhancing Cyprus’ competitiveness as an attractive destination for international talent and private capital through the modernisation of existing reliefs, the expansion of targeted exemptions and the reduction of the effective personal tax burden applicable to newly arriving taxpayers.

TAX BLOCKADE ON 500 COMPANIES FOR DEBTS OVER €1 million

TAX BLOCKADE ON 500 COMPANIES FOR DEBTS OVER €1 million - Filenews 15/5 by Eleftheria Paizanou


In the first phase, the Tax Department will target 500 businesses that have tax debts of more than €1 million.

Taxpayers, in the context of the regulation voted by the Parliament for the suspension of the operation of businesses and the sealing of their premises in case of tax debts, will begin the implementation of the measure by the specific companies, as they have the largest debts to the Tax.

A LOCKDOWN IS COMING TO ''BIG FISH'' WHO OWE THE TAX AND DO NOT PAY

A LOCKDOWN IS COMING TO ''BIG FISH'' WHO OWE THE TAX AND DO NOT PAY  - Filenews 12/5 by Eleftheria Paizanou



The Tax Department will premiere the stamping of businesses that owe the Tax and do not pay during the summer, taking advantage of the new tax framework approved by the Parliament.

The suspension of the operation of a business and the sealing of the premises are one of the additional tools given to the competent department, in the context of the tax reform that has been in force since the 1st of the year.

GUIDE TO TAXES IN CYPRUS

 

GUIDE TO TAXES IN CYPRUS

TAX DEPARTMENT - DEFENCE WITHHOLDING AND GESY THROUGH THE TAX PORTAL

 

TAX DEPARTMENT - DEFENCE WITHHOLDING AND GESY THROUGH THE TAX PORTAL - Filenews 26/3

The withholding of the extraordinary contribution for defense and the GHS on interest, dividends and deemed dividends for the tax year 2026 is carried out through the Tax Portal, without submitting a declaration through the TAXISnet System, the Tax Department states in a statement.

BUSINESSES IN A NEW TAX REGIME

 Filenews 23 February 2026 - by Eleftheria Paizanou

• Dividends, corporate tax, discounts and incentives – All the changes that have taken place
• Tax increases and reductions – The new balance for companies

The tax reform also brought significant changes for businesses, which from January 1, 2026 are included in the new tax regime approved by the Parliament last December. From the January payroll, the differentiation in employees' earnings has already begun to be reflected, due to the granting of tax deductions, the change in tax scales and the increase of the tax-free allowance to €22,000.

The amendments were also felt by a large number of businesses, as the aim of the reform was to create a fairer, modern and competitive tax framework for the business environment.