Here is our latest news from Fairfax Cyprus
Here is our latest news from Fairfax Cyprus
The transition to the new Tax For All (TFA) system in Cyprus remains ongoing, with some procedural elements yet to be fully implemented. As a result, important changes have been announced affecting the annual TD7 declaration process.
The submission of the TD7 form, the annual declaration of withheld income tax, is currently not possible via the new TFA system. Authorities have acknowledged the delay and, accordingly, the deadline for TD7 submissions has been extended to 31 December 2025.
This extension offers employers and tax professionals additional time to comply once the system becomes fully operational.
It is important to note that withholding tax payments and social contributions are not affected by the system transition. These payments continue to be processed normally through the existing Tax Portal, as has been the case in previous months.
We will continue to monitor developments around the TFA system and will provide updates as new guidance becomes available. In the meantime, we recommend maintaining all internal records up to date in preparation for eventual TD7 submissions.
We remain at your service, should you need further clarifications or assistance from our end. You can reach us on +357 2555 8025 or email accounts@fairfaxyeamen.com.
