The deadline for the submission of income tax returns for 2025 is 31 October 2026, with the Tax Department warning taxpayers that late filing will result in a €150 administrative fine, even if no tax is owed.
More than 54,000 taxpayers have already completed the final submission of their tax declaration for the 2025 tax year, while a total of 66,500 people have processed their declarations through Taxisnet.
Temporary submission not considered final
Speaking on state radio, Chief Tax Officer Marios Michael said around 54,000 declarations have been officially submitted, while another 12,500 remain in temporary receipt status.
He explained that the completed submissions represent around 19.5% of the total number of declarations filed for the 2024 tax year.
Michael urged taxpayers not to delay the process until the final days before the deadline.
“It is really a shame for financial penalties to be imposed when there is enough time to submit the declaration,” he said.
He reminded taxpayers that late submission carries a €150 fine, regardless of whether a tax payment is due.
Where a tax liability arises, additional interest and charges will also be imposed on the outstanding amount.
Who must submit a declaration
Michael stressed that declarations remaining in temporary receipt status are not considered submitted.
Taxpayers must ensure that they have completed the final submission process. Otherwise, the Tax Department considers that the declaration has not been received and penalties may be imposed after the deadline expires.
The obligation to submit a tax declaration for the 2025 tax year applies to employees, pensioners and self-employed individuals whose total gross income exceeds €19,500.
The Chief Tax Officer said the exact number of people required to submit declarations cannot be determined, as the number changes each year depending on how many individuals exceed the income threshold.
However, estimates indicate that the number of declarations this year is expected to be slightly higher than last year.
Final declaration before tax reform
The income tax returns for 2025 are considered significant as it is the final declaration submitted under the existing tax system.
Michael explained that the tax reform came into effect on 1 January 2026, meaning the first declarations under the new framework will concern the 2026 tax year and will be submitted in 2027.
He added that there are no major changes to this year’s process, while automated Taxisnet functions continue to assist taxpayers, including automatic completion of pension-related information and calculations of individual amounts.
Taxisnet operating normally
According to Michael, the online system is currently operating without problems.
However, he noted that in the final two to three days before the deadline, traffic traditionally increases significantly, placing additional pressure on the system.
He said completing a declaration usually takes no more than 15 to 20 minutes, provided taxpayers have the necessary information available.
Tax refunds underway
Regarding tax refunds, Michael said the process continues throughout the year.
Once a declaration has been assessed, any refund due is transferred electronically to the bank account registered with the Tax Department.
He added that the assessment process for 2024 tax declarations has already begun, while most declarations for 2023 and previous years have been completed, apart from a limited number of cases requiring further review as part of risk analysis procedures.
Also read: Average salary reaches €2,601, one in three earns below €1,500
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