Tag Archive for: tax

New Tax Filing Requirement in Cyprus: Mandatory TIN for All Employees Starting 2025

The Cyprus Tax Department has announced an important update for employers across the country: starting from the 2025 tax year, employers must include the Tax Identification Number (TIN / Αριθμός Φορολογικής Ταυτότητας – ΑΦΤ) of every employee—regardless of income level—when submitting both monthly and annual Employer’s Tax Withholding and Contributions Declaration (Form TD7).

What This Means for Employers

Previously, the inclusion of a TIN on the monthly or annual employers’ declaration was not mandatory. However, as of the 2025 tax year, this is no longer optional. If you employ anyone, you must now ensure that each of your employees has an active Tax Identification Number and is registered with the Tax Department.

How to Register for a TIN

Employees without a TIN must register exclusively through the Tax For All (TFA) portal—the official digital tax platform of the Republic of Cyprus.

Steps:

  1. Create an account on the TFA portal: https://taxforall.mof.gov.cy
  2. Submit the TIN registration request electronically.
  3. Use the available guides and the digital assistant to help with the process.

You can find step-by-step instructions and support materials on the official site:
https://www.gov.cy/mof-tfa

Key Takeaways

  • Effective Date: Applies to all Form ΤΦ7 submissions for 2025 and beyond.
  • Who’s Affected: All employers and all employees (no income threshold exemption).
  • Action Required: Ensure every employee has a valid TIN before submission.
  • Platform: TIN applications are accepted only via the TFA portal.

Failing to comply with this new requirement could result in delays or potential penalties, so it’s advisable to begin collecting TINs from your staff and assisting them with registration if needed.

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REMINDER: 2025 First Provisional Tax Instalment – Due by 31 July 2025

The deadline for payment of the 1st provisional tax instalment for tax year 2025 is 31 July 2025.

Who is required to pay provisional tax?

Provisional tax must be paid by the following taxpayers based on their expected annual taxable income for 2025:

  • Companies with taxable income and no carried-forward tax losses from prior years
  • Individuals with taxable income other than salaries, pensions, dividends, and interest.

When is provisional tax payable?

  • First instalment: Statutory deadline for the submission and payment of first instalment 31 July 2025 with an effective deadline (no interest or penalty) of 31 August 2025.
  • Second instalment: Statutory deadline for the submission and payment of second instalment 31 December 2025 with an effective deadline (no interest or penalty) of 31 January 2026.

How can provisional tax be submitted / paid?

  1. Create the provisional tax obligation through the Tax Department’s Tax Portal: https://taxportal.mof.gov.cy.
  2. Pay using one of the following methods via the icons next to your Payment Reference Number (PRN):
  • Credit/debit card
  • Online banking

Important Notes

  • No return is required if there is no taxable income or if the liability is fully offset by overseas tax credits.
  • You may revise the return through the taxportal. Downward revisions cannot result in a refund. Upward revisions after 31 August will attract interest at 5.5% p.a.
  • Failure to pay instalments on time incurs 5.5% interest per annum (per complete month) and a 5% penalty.
  • If declared provisional income is less than 75% of actual taxable income, a 10% additional tax will apply on the difference.

We are available for any additional inquiries or clarifications you may require.

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UPDATE: Submission of monthly Employers’ Tax Return (TD7) via Tax For All (TFA)

The Tax Department has announced that during the first six months of 2025, the Employers’ Tax Return will transition to the Tax For All (TFA) System. The announcement highlights the changes in the submission process and highlights the requirement for monthly submissions.

Things to note:

Until the TFA System is operational:

  • TD7 declarations for 2023 and earlier must still be submitted through the Taxisnet system.
  • Monthly payments for tax withholding and contributions for the years 2023, 2024, and 2025 will be processed via the Taxportal.

Following the launch of TFA System Launch:

  • Both the submission of TD7 declarations and the payment of taxes and contributions will be handled exclusively through the TFA system.
  • Starting from 2025, monthly TD7 declarations will be mandatory for all employers.
  • All monthly TD7 declarations for 2025 (from January onwards) must be submitted, including those for which payments were made via the Taxportal.
  • Tax Identification Numbers (TIN) for all employees will be required when submitting monthly TD7 declarations.

Next steps:

  • The Tax Department will issue guides and organise online seminars to assist with the new submission process and requirements.
  • A further anouncement confirming the launch date for enabling the TD7 submissions and payments via TFA will follow.

We are available for any additional inquiries or clarifications you may require.

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