December 2025
November 2025
Obligation for Employers to Submit Form TD7 – Υποχρέωση των εργοδοτών να υποβάλουν τη Δήλωση TΦ7
We would like to bring to your attention an important update regarding the submission of Form TD7, as stipulated by the Assessment and Collection of Taxes Law. Employer’s Obligation(Article 6(1)) Every employer is required to submit electronically (or by other approved means) a statement (Form TD7) by the last day of February of the following year, relating to the employees (both full-time and part-time) of the preceding year. In case of electronic submission, the deadline is extended by three (3) months, i.e. until 31 May. For example the deadline for submission TD7 of 2025 is 31st May 2026. Definition of “Remuneration” (Article 6(3)) The term remuneration includes any form of payment or benefit provided for services rendered, such as: ...January 2025
Monthly employer return for payroll-related taxes / Μηνιαία δήλωση εργοδότη για φόρους που σχετίζονται με την μισθοδοσία
Monthly employer return for payroll-related taxes such as PAYE and GHS paid to the Tax Department starting in 2025 We are informed by the Tax Department that in 2025, the monthly deductions and contributions currently paid by Employers to the Tax Department via the Tax Portal will be paid via the Tax Department’s new computerized system, TAX FOR ALL (TFA). In order for payment to be possible, a monthly return must be submitted containing specific details of each person for whom tax is paid such as Tax Identification Number (TIN), gross earnings, PAYE, GHS, etc. The monthly return can be completed either by typing / completing the fields online or by uploading an...December 2024
UBO Registry Framework Implementation
On 6 December 2024, the Prevention and Combating of Money Laundering (Amendment) (No. 2) Law of 2024 with number L.141(I)/2024 was published, introducing the below amendments: The penalties for the omission or neglection of the filing / annual confirmation of the UBO Register will only be applicable to the legal entity itself. No penalties will additionally be applicable to each of the directors or the secretary. A director of a company, which omits or neglects its UBO filing obligations, is jointly and/or severally liable with the company for the payment of the penalty imposed on the company; The applicable penalties have been revised as follows: One Hundred Euros (€100) instead...
