TaxisNet portal opens for 2020 income tax returns
Employees can now file their income tax returns for 2020 through the TaxisNet portal on https://taxisnet.mof.gov.cy, the tax service announced on Friday. The deadline for...
inland revenue
Moves to extend tax instalment payment plan
The House finance committee is leaning towards extending a scheme that enables taxpayers to pay outstanding taxes in instalments, despite reservations voiced by the tax...
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...
Tax return deadline extended until November 30
The department of inland revenue has given yet another extension to employees to file their tax returns for 2019. The new deadline is November 30....
Oct-30 deadline for filing income tax returns
Employees can now file their income tax returns for 2019 through the Taxisnet portal, the tax service announced on Monday. The deadline is October 30....
Thousands of companies in tax arrears, MPs told
Inland Revenue is looking at around 80,000 companies who have asked to be removed from Cyprus’ list of registered companies as many of them may...
Some Gesy doctors are potential tax cheats, inland revenue boss says
Doctors enrolled with the national health scheme (Gesy) may be engaging in tax avoidance by exploiting a loophole in the law, while over 100 physicians...
Cyprus among top three EU performers in recouping VAT
EU countries lost €137 billion in Value-Added Tax (VAT) revenues in 2017, according to a study released by the European Commission on Thursday. Cyprus with...
Taxman on brink of busting huge evasion network, he says
By George Psyllides The tax department is on the brink of busting one of the biggest VAT dodging network on the island dealing with intra-community...
Does Robin Hood promote tax compliance or does he promote tax evasion?
By Christos P. Panayiotides The question sprang to my mind when I read the special report compiled by the internal audit service of on the...
Football’s ‘black’ contracts sideline the taxman
EARLIER this month, the world football player union FIFPro charged that it had received several complaints from members in Cyprus that they had not received...
House passes law for obligatory electronic submission of tax returns
The House plenum on Friday passed into law a bill providing for the obligatory electronic submission of tax forms. The law is aimed at making...
Law passed allowing overdue taxes to be paid in instalments
Parliament on Friday passed legislation affording people the opportunity to repay overdue taxes in monthly instalments. The law concerns debts to VAT, immovable property, income...
86 people on ‘Lagarde List’ have been sent tax notices
The first leg of the Tax Department’s investigation into a list of deposits in Swiss HSBC bank in 2003 has been completed, with 86 individuals...
€1m in dodged taxes already taken from ‘Lagarde List’ accounts
By Angelos Anastasiou About €1 million in previously unpaid taxes has already been seized from bank accounts by the Taxation Department, and undeclared deposits found...
The taxing time is here
By Hermes Solomon We’ve all received one by now and most of us have thrown it into a drawer and forgotten about it. Tax returns...
Former CBC boss’ defence seeks leniency
By Stefanos Evripidou THE SENTENCING of former Central Bank governor Christodoulos Christodoulou in relation to tax offences covering a €1 million undeclared cash transfer from...
Direct tax revenue dips in first eight months
Direct tax revenue in the first eight months of the year fell 2 per cent to €1.17 billion compared to the same period in 2013,...
New tax tsar appointed
The House Finance Committee on Monday approved the appointment of the tax tsar and his deputy. Yiannakis Lazarou, a state attorney, was appointed to head...
House, unions seek to limit cabinet role in tax tsar appointment
By George Psyllides CONCERNS WERE expressed on Monday over the appointment of a tax commissioner who will head a single authority after the integration of...