Cyprus Tax Department announces extension for 2024 tax filings

The Cyprus Tax Department has issued an official notice regarding the submission deadlines for 2024 tax returns. According to the announcement, the statutory deadline for submitting Company Income Tax returns (T.F.4), Individual Income Tax returns with audited or reviewed accounts (T.F.1), and Summary Information Tables for Controlled Transactions is November 30, 2026.

Despite the statutory deadline, the Tax Commissioner has exercised their authority under Article 50A(a) of the Assessment and Collection of Taxes Law to grant a grace period. Consequently, no financial penalties will be imposed for these specific filings provided they are submitted by February 28, 2027. This extension follows the regulatory framework established by K.D.P. 359/2025 and the Income Tax Laws of 2003 through 2025.

The administrative decision comes in the context of the department's ongoing gradual transition to the new TFA computerized tax system. Taxpayers are advised to ensure all required documentation is prepared in accordance with these updated timelines to avoid late penalties after the February deadline.