Since Im in Cyprus (end 2019) i didn't file my income as it was under 18.500/19.500.- .
Todays information by email from Tax department, is saying: "since you have become a tax resident in Cyprus you are now obliged to submit tax returns even your income is below the threshold."
Any recommendation for an tax consultant in Paphos (area)?
I believe it was meant to be in place in 2020 then covid happened and it was delayed for 2 years then they put in a new system for taxation which delayed it again. So I believe the first year would be 2023 and you would do that tax return this year 2024.
Michael Clayton Gayle comes very well recommended....but it has to be said if your tax affairs are easy straightforward and not complicated then you can do it yourself .. I've been doing mine myself since I got here in 2014 both manually till about 2017/18 when taxisnet kicked in with online returns
Thank you very much for your detailed reply, Toon. Much appreciated!
No obligation for individuals with gross annual income below €19.500 to submit a personal tax return for tax year 2022
27 September 2022
We would like to inform you that on 23 September 2022, a Decree (No. 373/2022) was issued in the Official Gazette which exempts individuals with gross annual income below €19.500, from the obligation to submit a personal income tax return (Form T.D.1) for tax year 2022.
As a reminder, back in 2020 an amending Assessment and Collection of Taxes was published, according to which, from tax year 2020 onwards, all individuals with gross income that falls under the provisions of Article 5 of the Income Tax Law are obliged to submit a personal income tax return, subject to a decree to be issued by the Council of Ministers which may provide for an exemption.
See this handy site for tax alerts in Cyprus https://www2.deloitte.com/cy/en/pages/t … lerts.html
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