Hundreds of taxpayers are expected to leave their tax returns until the last minute, with only 24.6% having so far completed the final submission for the 2025 tax year.
The filing period began in mid-June and will run until October 31.
Fewer than one in four have filed
According to Tax Department figures, 83,190 of the 337,400 taxpayers who filed income tax returns last year have so far submitted their tax returns for 2025.
Of these, 76,000 are employees, and 7,190 are self-employed.
A further 15,280 taxpayers have placed their returns in temporary receipt. This includes 13,640 employees and 1,640 self-employed people.
Overall, 98,470 taxpayers have processed their returns in one form or another. Of these, 89,640 are employees, and 8,830 are self-employed.
This means around 28.7% have processed their 2025 tax return, although not all have completed the final submission.
Tax base expected to expand
For the 2024 tax year, 342,600 individual tax returns without an account were processed. Of these, 337,400 were finally submitted.
As a result, around 5,200 taxpayers faced a €100 penalty.
The number of tax returns submitted for the 2025 tax year is expected to increase slightly, reflecting the continued expansion of the tax base.
Tax Commissioner urges taxpayers not to wait
Tax Commissioner Sotiris Markides has urged taxpayers to submit their returns within the prescribed deadlines.
He also called on taxpayers not to wait until the last minute, warning that a surge in submissions could affect the Tax Department’s computer system.
Markides also reminded taxpayers that placing a return in temporary receipt does not constitute final submission.
Those who fail to comply by October 31 will face a penalty. Under the tax reform, the fine for failing to submit a tax return has increased to €150.
Anyone with income above €19,500 is required to submit a tax return for 2025.
Final year for TAXISnet
The 2025 tax returns will again be submitted through the existing TAXISnet system, with the completion process remaining unchanged from previous years.
However, this will be the final year in which taxpayers use TAXISnet.
From next year, returns for the 2026 tax year will be submitted through the new Tax For All system.
The new process will also incorporate the provisions of the tax reform, including tax deductions, changes to tax brackets and an increase in the tax-free threshold to €22,000.
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