Tax Return Deadline Extension for Tax Years 2023 & 2024 – Official Decrees 2025

The Republic of Cyprus issued on 28 November 2025 two official Decrees (K.D.P. 358/2025 and K.D.P. 359/2025) extending the deadlines for the submission of tax returns for the tax years 2023 and 2024.

The extensions apply to:

• Companies

• Individuals with annual turnover above €70,000 who are required to prepare audited or reviewed financial statements,

• Regardless of whether they are required to submit the Controlled Transactions Summary Table (Transfer Pricing Summary Table).

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1. Extension for the 2023 Tax Return (K.D.P. 358/2025)

According to the new decree:

The deadline for submitting the tax return for the 2023 tax year
➡️ Is extended until 31 March 2026 at 23:59.

This applies to:

• Companies

• Individuals with turnover above €70,000

• Individuals with audited/reviewed financial statements

• With or without the obligation to submit the TP Summary Table

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2. Extension for the 2024 Tax Return (K.D.P. 359/2025)

According to the second decree:

The deadline for submitting the tax return for the 2024 tax year
➡️ Is extended until 30 November 2026 at 23:59.

The same criteria apply as for 2023:

• Companies

• Individuals with turnover above €70,000

• With audited or reviewed financial statements

• Regardless of the TP Summary Table obligation

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Want to See All Deadlines for Individuals and Companies?

If you want to view:

• all tax deadlines in Cyprus before or after these decrees,

• the annual obligations of both individuals and legal persons, and

• other important dates for anyone carrying out business in Cyprus,

👉 Please visit our full Cyprus Tax Calendar:

It covers all major deadlines (VAT, PAYE, Withholdings, Social Insurance, electronic submissions, corporate obligations, etc.).

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What This Means for Businesses and Taxpayers

These extensions provide valuable time for:

• businesses that have not yet completed their audit or review,

• companies experiencing delays in transfer pricing documentation,

• accounting and audit firms needing additional time to finalise their files.

They also reduce the risk of penalties and administrative charges associated with late submissions.

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Recommended Actions

We suggest:

• Completing audited or reviewed financial statements

• Preparing and submitting the Transfer Pricing Summary Table, where required

• Collecting all necessary supporting documents and evidence

• Submitting all returns on time to avoid penalties

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Need Assistance?

The Rightax team can assist with:

• full tax compliance,

• preparation and submission of tax returns,

• transfer pricing documentation,

• submission of the TP Summary Table,

• advisory services on corporate structures and international taxation.

See all our services here:
👉 https://rightax.com.cy/services-tax-legal-audit-advisory-cyprus/

Contact us for immediate support.

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

+357 99 108 510

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