Cyprus Tax Alert: First Provisional Tax Instalment for Tax Year 2026
The deadline for the payment of the first provisional tax instalment for tax year 2026 is 31 July 2026. Companies and individuals who expect to generate taxable income during 2026 should review their provisional tax position and arrange the relevant calculation and payment before the deadline. Who...
Mandatory Electronic Payment of Rent as of 1 July 2026
The Tax Department has issued an announcement regarding the mandatory electronic payment of rent for immovable property in Cyprus, effective as of 1 July 2026. According to the announcement, all rent payments relating to immovable property in Cyprus must now be made exclusively through electronic means....
Monthly and Annual Employer Income Tax Withholding Declarations
We would like to inform you that the Tax Department issued an announcement on 26 January 2026 regarding Monthly and Annual Employer Withholding Tax and Contributions Declarations, including updated filing deadlines. Employers who employ employees and/or officers (Directors/Secretaries) with remuneration without withholdings payable to the Tax...
Extension of Income Tax Return Deadline
The Tax Department announces the extension of the deadline for submitting the Income Tax Return for the years 2023 and 2024: 31st March 2026 for the tax year 2023 30th November 2026 for the tax year 2024 The extension applies to companies (IR4) and individuals with...
Temporary Tax 2025 – Second Instalment
We would like to remind you that 31st December 2025 is the deadline for submitting the revised temporary tax assessment and for paying the second instalment of the temporary tax for 2025. Obligation to Pay Temporary Tax The following persons are required to submit the temporary tax...
Submission of IR7 through the TFA System
The Tax Department has announced that as of Friday, 22 August 2025, the submission of IR7 Declarations (withholding tax and contributions) and the respective payments will be carried out exclusively through the TaxForAll (TFA) system. Annual IR7 Declarations for the year 2024 Submission deadline: 31 December 2025 ...
TFA System Reopening
The Tax Department announces the reopening of the Tax For All (TFA) system as of 21 July 2025. The following extensions and updates apply: Deadline Extensions (until 29 July 2025) for: VAT returns for periods ending 31/05/2025 Payment of VAT due for the same periods Flat-rate VAT...
Temporary Tax For 2025
The deadline for the payment of the 1st instalment of the Temporary Tax for the year 2025 is 31 July 2025, and the deadline for the 2nd instalment is 31 December 2025. Who is Obliged to Pay Temporary Tax: Individuals with taxable income from sources other...
End of Tax Portal Payments – Effective 1 July 2025
The Tax Department has announced that, as of 1 July 2025, it will no longer be possible to make payments for withheld taxes and contributions (PAYE/DAS) via the existing Tax Portal, as these declarations are being transferred to the new TAX FOR ALL (TFA) system. Once...
Συνέντευξη στο Forbes Cyprus
Με ιδιαίτερη χαρά μοιραζόμαστε μαζί σας τη συνέντευξη του κ. Κωνσταντίνου Κουννή, Managing Director της C.Kounnis & Partners Ltd και της Kounnis Academy, η οποία δημοσιεύτηκε στο Forbes Cyprus. Στη συνέντευξη αυτή, ο κ. Κουννής απαντά σε καίριες ερωτήσεις σχετικά με τον σύγχρονο ρόλο ενός ελεγκτικού...