ARTICLE · 10 NOVEMBER 2023

Cyprus Circular 9/2023: Your Essential Tax Update

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Eurofast Accounting Team in Cyprus is delighted to bring you the latest insights from the Cyprus Tax Authorities. On the 20th of October 2023, the Tax Department issued Circular 9/2023,

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Eurofast Accounting Team in Cyprus is delighted to bring you the latest insights from the Cyprus Tax Authorities. On the 20th of October 2023, the Tax Department issued Circular 9/2023, a significant development aimed at providing clarity on the revised income tax declarations, in accordance with Article 5B of the Certification and Collection Law and its amendments, which took effect on the 20th of August 2023.

This circular extends its guidance to various aspects, including the revised income tax declaration forms for both individuals and legal entities, addressing late submissions of these revised declarations, and the intriguing question of when these declarations can be submitted after a tax audit has been set in motion.

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