June 2026
Annual Employer’s Return (Form T.D.7) for the tax years 2025 and 2026 – Ετήσια Δήλωση Εργοδότη (Έντυπο T.D.7) για τα φορολογικά έτη 2025 και 2026
We would like to inform you that the Annual Employer’s Return (“Form T.D.7”) for the tax years 2025 and 2026 is now available for submission through the Tax For All (“TFA”) platform. The deadline for filing the annual 2025 Form T.D.7 is 30 September 2026, while the deadline for filing the annual 2026 Form T.D.7 is 31 May 2027. Furthermore, we would like to remind you that, in accordance with an official announcement issued by the Tax Department on 26 January 2026, the obligation to file twelve (12) Monthly Payroll Returns and the Annual Form T.D.7 applies only to employers who, on a monthly basis, withhold and pay to the Tax Department Income Tax, and/or employee GeSY...January 2026
Income Tax Calculation Tool – Εργαλείο Υπολογισμού Φόρου Εισοδήματος
We inform you about the Income Tax Calculation Tool, before and after the 2026 tax reform, as posted on the Taxation Department website. You can see the tool at the link below: Tax Tools - Τμήμα Φορολογίας Remaining at your disposal should you have any questions. Acute Advisory Services team _______________________________________________________________________________________________ Σας ενημερώνουμε αναφορικά με το Εργαλείο Υπολογισμού Φόρου Εισοδήματος, πριν και μετά την φορολογική μεταρρύθμιση του 2026, όπως έχει αναρτηθεί στην ιστοσελίδα του Τμήματος Φορολογίας. Μπορείτε να δείτε το εργαλείο στον πιο κάτω σύνδεσμο: Tax Tools - Τμήμα Φορολογίας Παραμένουμε στην διάθεση σας για οποιεσδήποτε απορίες. Η ομάδα της Acute Advisory Services
Tax Reform 2026 – Φορολογική Μεταρρύθμιση 2026
We inform you regarding the announcement of the Tax Department regarding the Tax Reform of 2026. Specifically, the following are posted on the website of the Tax Department: Declaration for Claiming Tax Deductions (T.F.59) Explanatory guide to the implementation of the tax reform for individuals Frequently Asked Questions (FAQs) and corresponding answers Examples of the implementation of the tax reform for individuals You can see them in their entirety at the link below: Tax Department | Tax Reform 2026 Remaining at your disposal should you have any questions. Acute Advisory Services team _______________________________________________________________________________________________ Σας ενημερώνουμε αναφορικά με την ανακοίνωση του Τμήματος Φορολογίας, σχετικά με την Φορολογική Μεταρρύθμιση του 2026. Συγκεκριμένα στην ιστοσελίδα του Τμήματος Φορολογίας υπάρχουν...December 2025
DEEMED DIVIDEND DISTRIBUTION THAT RELATES TO THE TAX YEAR 2023
We would like to remind you of the deemed dividend distribution (DDD) provisions of the Special Contribution for the Defence Law that relate to the tax year 2023. Profits subject to deemed dividend distribution In accordance with the legislation, a company which is a tax resident of Cyprus, will be deemed to have distributed as dividend 70% of its accounting profits arising in 2023. The deemed dividend will be considered as having been distributed two years from the end of the year it relates to. Therefore for 2023 the date of deemed distribution is 31 December 2025 (Last date of payment 30th January 2026). The deemed distribution provisions are not applicable to the...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: ...September 2025
Submission of the Employer’s Withholding Tax and Contributions Return (Form TΦ7) through the TaxForAll (TFA) System / Υποβολή της Δήλωσης (Εργοδότη) Παρακράτησης Φόρου και Εισφορών (ΤΦ7) μέσω του Συστήματος TaxForAll (TFA)
We would like to inform you that the Tax Department has issued an announcement regarding the Submission of the Employer’s Withholding Tax and Contributions Return (Form IR7) through the TaxForAll (TFA) System. Specifically, the announcement states that: As of Friday, 22/08/2025, with the reactivation of the TFA system, the submission of Form IR7 and the payment of withholding tax and contributions will be carried out exclusively through TFA. Annual Form IR7 (Tax Year 2024) Submission deadline: 31/12/2025 No Tax Identification Number (TIN) is required for each employee. Monthly Form IR7 (Tax Year 2025) Submission of all monthly Form IR7 for 2025 is mandatory as of January 2025, even for months already paid through the Tax Portal. A Tax Identification Number (TIN) is required for each employee. Deadlines for submission of monthly Form IR7...February 2025
Submission of Withholding Taxes & Contributions (Employer’s) Return (TD7 Form) through the TAX FOR ALL (TFA) platform
As per the announcement by the Tax Department (Attached), it informs taxpayers that within the first half of year 2025, the submission of the Withholding Taxes & Contributions (Employer’s) Return (Form TD7) and the remittance of the withheld taxes and contributions will be made through the TFA system.PAYE Flyer for Taxpayers The announcement states that until the completion of the process regarding the submission of Form TD7 through the TFA system, the following applies: • The submission of the TD7 Form up until the year 2023 (inclusive) will be done through the TAXISnet system. • The monthly payments of withheld taxes and contributions for the years 2023, 2024, and 2025 will be...July 2024
Submission of the 2023 personal income tax returns has been extended to 31 October 2024
Specifically, a Decree (ΚΔΠ 209/2024) was issued on 21 June 2024 in the Government Gazette which extends the deadline for the submission of the 2023 personal income tax return (Form T.D.1) as well as for the payment of the final tax due for employees, pensioners and self-employed persons (Form T.D.1 self-employed) with a turnover below €70.000 who do not have the obligation to submit audited accounts, to 31 October 2024. ACUTE ADVISORY SERVICES TEAM ................................................................................... Η υποβολή των δηλώσεων φορολογίας εισοδήματος φυσικών προσώπων 2023 παρατάθηκε έως τις 31 Οκτωβρίου 2024. Συγκεκριμένα, εκδόθηκε στις 21 Ιουνίου 2024 Διάταγμα (ΚΔΠ 209/2024) στην Εφημερίδα της Κυβερνήσεως με το οποίο παρατείνεται η προθεσμία υποβολής της δήλωσης φορολογίας εισοδήματος φυσικών προσώπων...June 2024
