The Cyprus Tax Department has announced that the 2023 Income Tax return (IR1) for Individuals can now be submitted via the TaxisNet system.
Based on the Decree of the Council of Ministers (Κ.Δ.Π. 184/2023), employees, retired, and self-employed individuals are required to submit an Income Tax Return for the year 2023 if their total gross income exceeds €19,500 (nineteen thousand five hundred euros).
Last date for timely submission of the Declaration of Individual Income Tax return 2023 and payment of the tax due it is July 31, 2024.
Should you need further guidance, do not hesitate to contact Eurofast office in Cyprus at nicosia@eurofast.eu
Yianna Papademetriou
Payroll Specialist
Eurofast Nicosia
nicosia@eurofast.eu