M. Target Group would like to remind you of the upcoming deadline for the electronic submission of the 2023 Corporate Income Tax Return (Form IR4) for companies that are not required to submit a Summary Information Table (SIT) of related party transactions.
Key Details:
- Who Must File:
All companies operating in Cyprus are required to submit an annual Corporate Income Tax Return (Form IR4). However, companies that do not engage in related party transactions are exempt from submitting the SIT. - Filing Deadline:
The deadline for electronic submission of Form IR4 for the 2023 tax year is 31 March 2025. This aligns with the standard requirement that corporate tax returns must be filed by 31 March of the second year following the relevant tax year. - Submission Method:
All tax returns must be filed electronically through the Tax For All (TFA) portal, as mandated by the Cyprus Tax Department.
Implications of Late Submission
Failure to submit the tax return by the specified deadline may result in penalties and interest charges. Timely compliance is crucial to avoid unnecessary costs and to maintain the company’s good standing with the tax authorities.
As always, M. Target Group specialists remain at your disposal should you require any further information, clarification or professional assistance.
