Individual tax returns for the 2025 tax year are expected to be uploaded to the TAXISnet system by the end of the week, marking the start of the submission process, according to Tax Commissioner Sotiris Markides.
Speaking to the Cyprus News Agency (CNA), Markides said taxpayers will have until 31 October 2026 to submit their declarations and settle any taxes or contributions due without penalties or interest.
He added that the number of tax returns submitted this year is expected to be slightly higher than the 337,400 declarations filed for the 2024 tax year.
Who must submit a declaration
The Tax Commissioner reminded the public that employees, pensioners and self-employed individuals with a gross income exceeding €19,500 during 2025 are required to submit an Income Tax Return.
A decree issued on 12 June 2026 following a Cabinet decision set 31 October 2026 as the deadline for both submission and payment of any taxes or contributions arising from the declaration.
Late submissions face higher penalty
Markides noted that late submission of the 2025 Income Tax Return will result in a penalty of €150, compared with the €100 penalty that applied in previous years.
The increase forms part of Cyprus’ wider tax reform and aims to strengthen tax compliance.
Automatic features remain in place
According to Markides, the 2025 declaration retains all automated features designed to simplify the filing process.
When taxpayers enter identification details such as their Social Insurance Number, date of birth and gender, pension amounts and related deductions, including income tax and Gesy contributions, are automatically retrieved from government databases.
For self-employed individuals, the system also automatically retrieves Social Insurance and Gesy contribution data.
In addition, information submitted in previous tax years, including employer details and insurance company information, will be pre-filled in relevant sections of the declaration.
Final submission required
The TAXISnet system will continue to calculate totals automatically and transfer information to the tax calculation section, where income tax, Gesy contributions and the Special Defence Contribution are assessed.
Markides stressed that taxpayers must complete the Final Submission process for their declaration to be considered officially filed.
Declarations marked as “Temporary Submission” will not be treated as received and will remain pending.
Once a declaration is submitted, any tax or contribution due will appear in the Tax Portal and must be paid electronically by the deadline to avoid interest and additional charges.
More declarations expected this year
The Tax Commissioner said that 342,600 declarations were processed before the filing deadline for the 2024 tax year, with 337,400 submitted successfully.
He added that a slight increase is expected this year due to the continued expansion of the tax base.
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