TaxisNet Submission: Deadline for the Self - Employed Income Tax Return 2018

10 Sep 2019

The last date of submission for the self-employed individuals, (the ones who do not prepare audited accounts), is the 30th of September 2019
 
Important points to be considered: 
 
  1. Submissions can be made only through the TaxisNet system (web portal maintained by the Cypriot tax authorities) 
  2. All Cyprus tax residents are taxed on all income accrued or derived, from all sources in Cyprus as well as abroad 
  3. An individual is considered to be tax resident in case he stays in Cyprus more than 183 days within the year of assessment 
  4. Physical persons are required to submit personal tax returns only when their gross taxable income exceeds the amount of €19.500. (Form: TD1) 
  5. Any self – employed individual who fails to pay the contribution within the limit of time, is obliged to pay an additional penalty depending on the period of delay and calculated on the amount of contributions due for payment.
Finally, in order to avoid any interest as well as ensure that no penalties will be imposed, you should pay your taxes and submit the relevant returns promptly since the deadline is approaching!