The Income Tax Return for the year 2021 is now open for submission

The Tax Department of Cyprus has announced on 8 April 2022 that the submission of personal tax returns for the year 2021 is now open, via TaxisNet. Pursuant to Directive ΚΔΠ 51/2022 issued by the Council of Ministers, there is an obligation on employees, pensioners and self-employed individuals who do not prepare audited financial statements (Form T.D.1) and whose annual gross income exceeds the amount of €19.500 to submit personal tax returns for the year 2021, via TaxisNet. The deadline for the submission of the Income Tax Return for individuals for the year 2021 and the payment of any tax due without interest and penalties is on 31 July 2022.

Please contact a member of our Tax Planning and Advanced Business Structuring who can assist you in ensuring that all of your personal tax obligations are accurately taken care of and up to date.