Here is our latest news from Fairfax Cyprus
Here is our latest news from Fairfax Cyprus
How do I submit my Income Tax Declaration? When am I able to submit the declaration? Are there any reasons I could be exempt from submitting income tax declarations? Read below information provided by the Fairfax team to understand how and why you should submit your income tax declaration.
The Taxisnet portal by Republic of Cyprus’ Ministry of Finance Tax Department is an online service which enables you to submit your Income Tax Declaration. The portal is in both Greek and English and can be accessed here
The Fairfax team would like to announce that the Income Tax Declaration for individuals for the tax year 2021, is now available on the Taxisnet System and the deadline will be the 31st of July 2022.
According to Circular 51/2022 any individual with any income above €19500 is obliged to submit personal income tax return. We would like to remind you that The Council of Ministers have issued a decree (No.51/2022) on the 4th of February 2022, that individuals whose gross annual income is below €19,500 are exempt from the obligation to submit a personal income tax declaration for the tax year 2021.
In the event that your gross annual income is above €19,500 the expert team at Fairfax is available to assist with the submission process or any other tax issues you may have on accounts@fairfaxyeaman.com or by calling +357 25558025
Fairfax specialises in the outsourcing of payroll, provident funds, bookkeeping and accounting services in Cyprus which offers a cost-effective strategy that saves companies time, staff and infrastructure costs.
