ARTICLE
22 May 2023

Upcoming Submission Of Income Tax Returns For 2022

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Elias Neocleous & Co LLC

Contributor

Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
Taxpayers are reminded that the submission of personal tax returns for the tax year 2022 will only be made available via the TaxisNet portal once the relevant decision is passed by the Cyprus...
Cyprus Tax

Taxpayers are reminded that the submission of personal tax returns for the tax year 2022 will only be made available via the TaxisNet portal once the relevant decision is passed by the Cyprus parliament. Pursuant to Directive Κ.Δ.Π. 373/2022, employees, pensioners, and self-employed individuals without audited accounts and whose gross income exceeds €19,500 are obligated to prepare and submit their personal tax returns (T.D.1 Form | previously I.R.1) for the tax year 2022 through the portal.

The deadline for the submission of the Income Tax Return (TD1 form) for the year 2022 and the payment of any tax due without interest or penalties is 31 July 2023. You are therefore advised to ensure that you have registered with the Cyprus Tax Department and have an active TaxisNet profile before 31 July 2023 to avoid unnecessary charges for late filing.

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.

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