On 17 January 2023, the Commissioner of Taxation informed the public of the commencement of the gradual release of the new platform Tax For All (TFA), which will replace the existing TAXISnet.
The Commissioner states that an important element for the transition to the Tax for All platform is is the User’s email as this will be used for all updates and communication. All users are therefore requested and encouraged to update their emails as soon as possible via the TAXISnet portal as the correct email is essential for the transition of the User’s account from the old platform to the new TFA platform.
Changing the e-mail address can be done by following the instructions posted on the Tax Department’s website:
e-Services → TAXISnet → Information Material → Income Tax-Defense e-Services
e-Services → TAXISnet → Information Material → Value Added Tax Procedure for changing the electronic address in the TAXISnet system e-Services
The first stage of the gradual release concerns Indirect Tax and it will include the following:
- Submission of VAT Returns (Under the current format. New Vat Return format expected to be available towards the end of 2023)
- Submission of VIES Returns
- Payments (will introduce functionality for VAT payments (payment to be performed via JCC))
- VAT statements
The Team at Fairfax are experts in All payroll and Tax related matters, if you are looking for an outsourced provider in Cyprus to assit either your company or yourself as an individual for and of the above related Tax isues then contact one of our team today firstname.lastname@example.org or call + 357 25558025