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The final date for submitting the annual employer withholding return for 2024 remains 31 March 2026, according to the Cyprus Tax Department. The Department has issued updated guidance to remind employers of their responsibilities regarding both monthly and annual tax and contribution filings.
Only employers who withhold and remit amounts on a monthly basis are required to submit twelve monthly withholding returns along with an annual return. These withholdings may relate to income tax, contributions to the General Healthcare System (GHS), and/or the employer’s GHS contribution.
The Tax Department emphasizes that monthly returns must be filed before any payment can be made, as the submission of each return generates the corresponding liabilities through the Tax For All (TFA) system.
Employers are also encouraged to include all employees in their monthly returns, even if no deductions apply to certain individuals. If such employees are excluded during the year, their earnings must be reported in the December monthly return instead.
In cases where employers have staff members or company officers, such as directors or secretaries, who receive remuneration without any tax or GHS deductions payable to the Tax Department, the obligation is reduced. These employers must still submit an annual return and at least one monthly return, even if no withholdings were made.
