Regfollower 12 Nov 2026
Cyprus Extends 2024 Tax Return Filing Deadline and Clarifies Financial Statement Requirements
The Cyprus Tax Department announced on November 9, 2026, an extension for filing 2024 tax returns, setting the new deadline for November 30, 2026. This extension, based on Tax Code 359/2025, provides companies and individuals with additional time to finalize their submissions. Furthermore, Tax Code 359/2025 clarifies that companies and individuals with an annual turnover exceeding EUR 70,000 are mandated to prepare audited or reviewed financial statements. This requirement applies regardless of other submission obligations, emphasizing the importance of robust financial reporting for qualifying entities in Cyprus.
Key takeaways
- Businesses in Cyprus have an extended deadline until November 30, 2026, for filing their 2024 tax returns.
- Companies and individuals with an annual turnover exceeding EUR 70,000 must prepare audited or reviewed financial statements, a mandatory requirement under Tax Code 359/2025.
- Tax and finance teams should leverage this extension to ensure accurate filings and confirm compliance with specific financial statement preparation rules.
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