The Cyprus Tax Department has issued a reminder regarding the filing deadlines for companies and individuals required to submit financial statements.
According to Cyprus Tax Department Regulation No. 359/2025, the deadline for the timely filing of documents for the 2024 tax year is November 30, 2026. This applies to three types of documents:
Corporate income tax return—Form T.F.4.
Individual Income Tax Return for individuals required to prepare audited or reviewed financial statements—Form T.F.1 Log.
Summary table of information on controlled transactions.
The requirement to file the summary table is based on the provisions of Article 33(10) of the Income Tax Act of 2003, as amended, including Amendment No. 2 of 2025.
No monetary penalties will be assessed until February 28, 2027
Despite the established deadline of November 30, 2026, taxpayers have been granted additional time. Pursuant to a decision by the Tax Commissioner, adopted under Article 50A(a) of Law No. 4/1978 “On the Assessment and Collection of Taxes,” as amended, no monetary penalty will be imposed for filing the listed returns after the official deadline, provided the documents are submitted no later than February 28, 2027. Therefore, the following dates should be distinguished:
November 30, 2026—the official deadline for the timely filing of returns for 2024.
February 28, 2027—the last day of the grace period during which no monetary penalty will be imposed for filing these documents.
This relief applies only to the listed tax returns and the summary table for 2024. It does not imply an automatic extension of deadlines for all other tax obligations.
What Will Change Due to the Transition to the TFA System
The Tax Department has also warned of technical changes related to the gradual transition to the new Tax For All (TFA) electronic platform.
Starting December 1, 2026, the option to change a return’s status from “Final Submission” to “Temporary Receipt” may no longer be available.
Therefore, companies and individuals who need to file their 2024 returns should check in advance that their returns and supporting documents are filled out correctly. This is especially important for those planning to take advantage of the extended filing period until February 2027.
The transition to Tax For All is part of the update to Cyprus’s tax system. According to information from the Tax Department, individual tax returns for tax years starting in 2026 will be filed through the new platform. However, returns for previous years must be filed in accordance with the rules that were in effect at the time.
Official guidelines and documents are available on the Cyprus Tax Department’s website.