Cyprus 2025 Individual Income Tax Return

Cyprus 2025 Individual Income Tax Return – IR1

The Cyprus Tax Department has announced that the electronic submission system for the 2025 Individual Income Tax Return (IR1 / TD1) is now available through TAXISnet.

Individuals who are required to file a tax return, including employees, pensioners and self-employed individuals, are encouraged to review their filing obligations and prepare their tax return in good time.

The deadline for the submission of the 2025 tax return and payment of any resulting tax is 31 October 2026.

A €150 administrative penalty may apply for late submission.

Who should review their filing obligation?

Individuals with gross income exceeding €19,500 should review whether they are required to submit a tax return for 2025.

Additional considerations may apply where an individual has:

  • Foreign or overseas income
  • More than one source of income
  • Income from rental properties or investments
  • Company or business interests
  • Cross-border tax matters

At PKP Group, we can assist with the preparation and submission of your 2025 Individual Income Tax Return and provide guidance based on your individual circumstances.

For more information or assistance with your 2025 tax return, please contact us.

Submission of Individual Income Statement 2023

Submission of Individual Income Statement 2023

The Tax Department informs that the submission of the Individual Income Statement 2023 has started through the TaxisNet system at https://taxisnet.mof.gov.cy.

Based on the Decree of the Council of Ministers (KDP 184/20223), the obligation to submit an Individual Income Statement for the year 2023 applies to:

  • Employees
  • Pensioners
  • Self-employed individuals whose gross total income for the year 2023 exceeds the amount of €19,500 (nineteen thousand five hundred euros).

The last date for the timely submission of the Individual Income Statement 2023 and payment of the owed tax is July 31, 2024.

On the website of the Tax Department www.mof.gov.cy/tax, useful informational material for the completion and submission of the Statement has been posted under the icon “TAXISnet – Individual Income Statement 2023.”