The Cyprus Tax Department has announced an extension for the submission of corporate income tax returns (TD4) and self-employed tax returns with audited financial statements (TD1 with Accounts) for the tax year 2023. This update is crucial for businesses and self-employed individuals who must comply with tax regulations in Cyprus.

Key Deadline Extension

For companies and self-employed individuals who are NOT required to submit a Summary Information Table (i.e. Table of Controlled Transactions), the original deadline for tax return submission was 31 March 2025. However, the Tax Commissioner has granted an extension:

🔹 New Deadline: 30 June 2025
🔹 Penalty: No financial penalty (€100) if submitted by this date

Late Submission Consequences

If the tax return is submitted after 30 June 2025, a €100 late submission penalty will apply. Businesses should ensure timely filing to avoid unnecessary costs.

Different Deadline for Entities with Transfer Pricing Obligations

For companies that are required to submit a Summary Information Table (i.e. Table of Controlled Transactions) (under Article 33(10) of the Income Tax Law), the deadline for tax return submission is set for 30 November 2025.