Submission of the Individual Income Tax Return without Accounts (Form TΦ1) and Payment of Tax / Contributions for the Tax Year 2024 UNTIL 15/10/2025 without the imposition of Administrative Penalty and Financial Charges.
The Tax Department informs that the Tax Commissioner, in consultation with the Minister of Finance, has decided, for the purpose of facilitating taxpayers, to allow the submission of the Individual Income Tax Return (Form TΦ1) and payment of Tax / Contributions for the Tax Year 2024 UNTIL 15/10/2025 without the imposition of any Administrative Penalty or Financial Charges.
After the above date, the submission of the Return and the payment of Tax / Contributions will be considered overdue tax obligations and will be subject to an administrative fine of €100, additional tax (5%), financial surcharge (5%), and interest until full settlement of the amounts due.
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