Cyprus final 2022 tax returns are by due 2/10/2023, extended from 31/7/2023.

Cyprus tax return service

Are you tired of spending hours poring over confusing tax forms? Do you want to ensure that you're getting the most out of your tax returns without the headache of doing it all yourself? Look no further than our Cyprus tax returns service!

Our team of expert tax professionals is dedicated to making sure that you maximise your allowances, all while minimising your tax liability. With years of experience and a proven track record of success, we can help you achieve your financial goals.

And the best part? We're currently offering a special promotion just in time for tax season. From now until March 17th, you can take advantage of a 20% discount on our tax return services. That's right - you'll save big while still getting the same high-quality service that our clients have come to expect.

Don't wait until the last minute to file your taxes - purchase the service now and take advantage of this limited-time offer. With our help, you can rest easy knowing that your tax returns are in good hands. If you have any questions you can contact us.

Who needs to complete a tax return in Cyprus? 

Your should submit a tax return if you have:

1. Taxable income in Cyprus in excess of €19,500 in 2022

2. Cyprus tax residence with overseas worldwide taxable income 

3. Sole trader in cyprus 

4. Cyprus company 

5. Any flat rate tax liability in cyprus where tax is to be assessed and paid  ( including property rental, dividend, interest, royalties)

6. Any with real worldwide  income liable to cyprus health tax

7. A property in cyprus being sold or transferred 

8. Any estate of a deceased or trust with taxable income or disposals 

When does the tax return need submitting? 

Cyprus tax returns are due by 31/7/2023 for:

• Employees 

• Pensioners

• Self employed 

• Other individuals 

These can be provisional with final revisions and updates due by 31/12/2023. 

ProACT recommend submit early and update as required. 

Cyprus companies and sole traders with turnover in excess of €70,000 require full audit of annual returns with a later final due date 15 months after year end. 

How to pay balance of tax due ?

When your tax return is submitted you will receive a code allowing the tax to be paid. 

You could pay tax for the current year (2023) during the year. Ask us how. 

Assessments and Rebates

Assessments & rebates come slowly in Cyprus and could take up to 5 years. 

Better to be correctly tax registered and control the tax payments in the first place.

Expat Tax Registration 

Expats need to fully tax register which is a number of levels. 

—> Read more about tax registration in Cyprus

ProACT can assist and advice expats Living and Working Abroad 

• Tax Advice and assistance to complete registration and returns

• Tax Reports and advice on tax residence and liability 

• Tax Return and preparations for family and business 

• Tax registrations as required.

For help and guidance you contact us, book a free review or purchase our tax service.