ARTICLE
7 July 2023

Extension To The Filing Date Of The Individuals' 2022 Tax Return And Payment Date Of The Relevant Due Tax

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Elias Neocleous & Co LLC

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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.
The Cyprus Tax Department has recently announced that, pursuant to a Decree of the Council of Ministers published on 9 June 2023 (ΚΔΠ 183/2023)...
Cyprus Tax

The Cyprus Tax Department has recently announced that, pursuant to a Decree of the Council of Ministers published on 9 June 2023 (ΚΔΠ 183/2023), the deadline to file an Individual's Tax Return (with the exception of self-employed individuals who prepare audited financial statements) for the Tax Year 2022, and the payment date of the relevant due tax as per the return, is extended to 2 October 2023. Self-employed persons, employees, and pensioners, whose total gross income for the year 2022 does not exceed €19.500, are exempt from the obligation to file an Individuals' 2022 Tax Return (T.D.1).

More information on the announcements can be viewed in here.

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