articles | 23 August 2022

90% of taxpayers submit their returns

Approximately 250,700 taxpayers had processed their individual income declarations so far this year, Tax Commissioner Sotiris Markidis told the Cyprus News Agency, adding that, compared to last year’s number of submissions, the percentage has now reached 90%.

Of the 250,700 individual income declarations, 239,800 were submitted as “final”, which correspond to 217,700 salaried returns and to 22,100 self-employed returns.

Another 11,000 declarations were submitted as “temporary returns”, of which 9,300 fell under the “employed category” and 1,700 under the “self-employed” category.

According to Markidis, in relation to last year’s levels, the total number of individual income declarations final submissions stands at 86%, while at the end of last month it was estimated at 66% in comparison to the same period in 2021.

The Council of Ministers extended the deadline for submitting individual income declarations to August 31.

Source: Cyprus Mail

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