Under Tax Code 359/2025, Cyprus has extended the deadline for filing company and individual income tax returns and controlled transaction information for 2024. Taxpayers can avoid financial charges by submitting the required declarations by 28 February 2027, while changes to filing status may be restricted from 1 December 2026 due to the transition to the new Tax For All system.
The Cyprus Tax Department announced, on 9 November 2026, that the deadline for filing 2024 tax returns has been set for 30 November 2026 based on Tax Code 359/2025.
Under Tax Code 359/2025, companies and individuals with turnover exceeding EUR 70,000 must prepare audited or reviewed financial statements, regardless of their obligation to submit a Summary Table of Controlled Transactions Information.
The extension covers the Company Income Tax Return (T.F.4), the Individual Income Tax Return (T.F.1) for individuals required to prepare audited or reviewed accounts, and the Summary Table of Controlled Transaction Information, regardless of whether taxpayers are required to submit the latter under Article 33(10) of the Income Tax Laws of 2003 to 2025.
The Commissioner of Taxation has waived financial charges for these submissions if the relevant returns are filed by 28 February 2027, under Article 50A(a) of the Tax Assessment and Collection Law (No. 4/1978), as amended
