Under the Cyprus self-assessment system employed persons must submit their annual tax return no later than seven months after the end of the income tax year, self-employed persons whose income for the year is less than €70,000 must submit their return no later than nine months after the end of the income tax year, and those with income above €70,000 must submit their tax return, accompanied by audited financial statements, no later than 15 months after the end of the income tax year.
In line with the Tax Department's initiative to improve the efficiency of its operations, for 2017 onwards tax returns must be submitted online via its "TAXISnet" system. The department has issued an announcement reminding taxpayers of this requirement, and advising them to register in the TAXISnet system in good time.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.