Employer’s Return (TD7) 2024 – Changes for Companies with Individual Directors or Secretaries

We inform you that, starting from the 2024 tax year, there is a new obligation to submit the Employer’s Return (Form TD7) even in cases where the directors and secretary are individuals and do not receive any remuneration from the Cypriot company.

Which companies are affected

This obligation mainly concerns Cypriot companies that:

• have individual directors and/or a secretary (not only corporate officers), and
• do not pay salaries or other remuneration to the above individuals,
• but are registered employers with the Tax Department.

 

⚠️ Important clarification:

Cypriot companies are not automatically registered as employers with the Tax Department. Registration occurs only if an Employer Registration has been submitted or if the Department has automatically created an employer account because of payroll history.

During the transition to the Tax For All (TFA) system, the Department automatically assigned employer numbers to certain companies that have individual directors or a secretary, even if they have never operated a payroll.

Therefore, if your company appears in TFA as an “employer”, you must submit a zero TD7 return for 2024 and onwards. If it does not appear as an employer, there is no obligation to submit TD7.

👉 We encourage you to log into Tax For All (TFA) using your corporate credentials and check under “PAYE / Employer” to confirm whether your company is listed as an employer.

Even if no payroll exists, the Tax Department expects to see a submitted Employer’s Return (TD7).

What needs to be done in practice for 2024

For the 2024 tax year and onwards, where no remuneration exists, the practical approach is as follows:

• Submit one monthly return with zero amounts
  • e.g., declare one month with zero remuneration and deductions (often December),
  • Then continue with the annual submission.
• Submit the Annual Employer’s Return (TD7) for 2024
  • The annual TD7 will be zero,
  • Submission is mandatory since individual officers are registered in the company’s records.

In summary:

Even if no salaries are paid, the TD7 must be submitted for 2024 and onwards.

 

⚠️ Deadlines and penalties:

The Annual Employer’s Return (TD7) for 2024 must be submitted by 31 December 2025.

Late or non-submission may result in administrative penalties and interest according to Cypriot tax law.

👉 Learn more about Tax Penalties and Interest in Cyprus

👉 Check all key deadlines in our Cyprus Tax Calendar

Notifications from Tax For All for previous years (up to 2023)

Many companies have received Tax For All notifications, such as:

“Outstanding Annual Employer’s Return” for prior years.

According to clarifications by the Tax Department:

• If the company had no payroll and no remuneration for the years 2023 or earlier,
• Then these notifications can be safely ignored.

From 2024 onwards, however, submission of TD7 (even a zero one) becomes necessary for companies with individual directors or a secretary.

Why submitting the TD7 is important

Timely submission:

• ensures the employer appears fully compliant in Tax For All,
• avoids future notifications, reminders, or penalties, and
• keeps the company’s tax profile in good standing with the Tax Department.

How Rightax can assist

Our team at Rightax can help your company with:

• verifying whether a TD7 obligation exists for 2024,
• preparing and submitting the monthly zero declaration,
• completing the Annual Employer’s Return (TD7), and
• reviewing Tax For All notifications from previous years (up to 2023) to confirm whether they can be ignored.

Next steps

If your company:

• has individuals as directors and/or a secretary, and
• has not yet filed the TD7 for 2024,

We recommend contacting us immediately to:

• Assess your status and
• Ensure all required submissions are completed on time.

Reach out for expert help with tax, accounting, audit, or company setup in Cyprus.

+357 99 108 510

[email protected]