Cyprus tax department extends deadlines for income tax and global minimum tax compliance

The Cyprus Tax Department has announced an extension for tax compliance, allowing individual taxpayers and large multinational groups to fulfill their obligations without interest or monetary penalties until November 30, 2026. For individual income tax returns for the 2025 tax year (without accounts), the deadline was originally October 31, 2026. The department also specified that this extension applies to filings and payments related to the global minimum tax level for multinational and large-scale domestic groups, covering the first fiscal year starting between December 31, 2023, and December 30, 2024.

Taxpayers are required to submit relevant declarations, notifications, and communications, including forms such as T.D.336, T.D.335, T.D.332, T.D.334, T.D.331, and T.D.333, by the new November 30 deadline to avoid charges. This decision follows previous guidance issued on June 15, 2026, regarding the implementation of Law 151(I)/2024.

Furthermore, the department cautioned that due to the ongoing transition to the new Tax For All (TFA) information system, the ability to change a tax return's status from 'Final Submission' to 'Temporary Receipt' may be restricted starting November 1, 2026. Taxpayers are advised to exercise caution during the submission process as the system transition progresses.