On 30 April 2025, the Tax Department of Cyprus announced that the Individual’s Personal Income Tax Return for the tax year 2024 (Form I.R.1) is now accessible for electronic submission via the official TaxisNet online platform.
This tax return applies to a broad group of taxpayers including employees, pensioners, as well as self-employed individuals whose gross annual turnover exceeds €19,500.
Why do you need to file IR1 in Cyprus?
- All tax resident in Cyprus must file a personal income tax return (Article 5 of the Income Tax Law);
- To obtain documents from the tax department such as: TRC certificate. Income tax submission is necessary in order to maintain your tax residency each year;
- Also, banks usually request it for loans and due diligence reasons.
Employees, pensioners and self-employed individuals without Financial Statements, whose gross total income exceeds the amount of €19,500 are also subject to the obligation to submit a personal income tax return.
Cyprus Extends Deadline for Submission and Payment of 2024 Personal Income Tax Returns
Initially, the deadline for submitting these tax returns and for settling any tax liabilities was set for 31 July 2025. However, recognising the administrative burden faced by many taxpayers, especially those who do not have to prepare full accounts or undergo audits, the Council of Ministers has approved Decree 176/2025. This decree, published officially on 20 June 2025, extends both the filing and payment deadlines to 30 September 2025 for:
- Individuals who are not self-employed, and
- Self-employed persons not obliged to prepare audited or reviewed accounts.
This extension provides taxpayers with additional time to accurately prepare their returns and ensure compliance without unnecessary pressure. It is especially beneficial for those managing their own tax affairs without the support of a professional accountant.
Taxpayers are encouraged to take advantage of this extension by filing their returns via the TaxisNet platform, a user-friendly online service designed to simplify the tax submission process.
Need help with your personal tax return in Cyprus?
Please do not hesitate to contact us if you need additional information about the individual tax or assistance in calculating and submitting the return.
In order to submit your tax declaration we will need the below information and documents:
- Pay slips for the whole year – 2024;
- IR63 (employer’s confirmation of income and deductions) for 2024 (for every employment during the year – if different employers);
- Any information regarding worldwide income and any tax payment abroad;
- Information regarding your annual income, if available (rental, interest or dividends); Please provide us with NHIS payment confirmations in case the above are applicable.
- Statement of Life insurance premiums for the year 2024
Please contact us by email on info@ibccs.tax or call our office in Cyprus on +357 222 58 777.
To avoid any last-minute rush or potential penalties, we strongly recommend taking advantage of the extended deadline by preparing and submitting your tax return as soon as possible. At IBCCS TAX, we specialise in guiding both individuals and self-employed professionals through the entire tax filing process on Cyprus, ensuring accuracy, compliance, and peace of mind. Whether you need support with your I.R.1 submission or advice on optimising your tax position, our experienced team is here to help. Contact IBCCS TAX today and let us take the stress out of your tax return for 2024.
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