Cyprus Mail
Cyprus

20,000 more taxpayers filed on time this year

Around 20,000 more taxpayers filed their returns on time than did so last year, the inland revenue department said on Wednesday a day after the final deadline on Monday.

In statements to CNA, assistant tax officer Sotiris Markides said that the number of on-time returns numbered 280,000, of which 29,300 were from the self-employed and 250,700 were employees and others.

He said that during last year’s submissions for 2018, some 260,000 declarations were submitted on time although he acknowledged that this year, people were given longer to file following two extensions. Having 20,000 more people file on time was very positive, he said.

Anyone filing from Tuesday and onward will pay a €100 fine.

Markides said that the goal for 2021 was to make the Taxisnet system available earlier to avoid last minute filings and extension deadlines for 2020 returns.

 

 

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