Insider Economy Some 20,000 electronic tax returns filed within a week

Some 20,000 electronic tax returns filed within a week

Some 20,000 additional tax return forms were submitted electronically within one week, bringing the total to 170,000 from a previous 150,000. At the same time, some 15,000 employees/pensioners have yet to finalise submitted forms which are still in temporarily received files.

Last week, the number of forms in temporarily received files was 12,000.  The due date for the submission of income tax statements for 2018  without a penalty is Wednesday, July 31, 2019 for employees/pensioners and Monday, September 30, 2019 for those who are self-employed.

Electronic submission of income tax returns was introduced last year and  out of a total of 272,883 filed applications for the financial year of 2017, only 2,405 had missed the deadline. The due date for submitting an online statement last year was September 30th for employees, pensioners and self-employed individuals.

Tax returns for the financial year of 2018 cannot be compared with those of 2017 because the state of play is different, according to the Tax Department. Although the submission of a tax return is mandatory for natural persons with income of €19,501 and above, nonetheless, individuals below the taxable income threshold have also submitted tax returns.

The reason was to secure a hospital card due to the introduction of the island’s General Health Scheme (Gesy) and a tax return was proof of their income. Now that Gesy has been implemented one can be a beneficiary without having an income below a taxable amount.

Read more:

 

https://in-cyprus.com/tax-office-says-its-time-to-file-tax-returns/

Top Stories

Hardalias: State mechanism on full alert, Medicane in progress

The next six to nine hours will be crucial for the Ionian islands, currently in the grip of Mediterranean hurricane 'Ianos', while a new...

Athalassa Psychiatric Hospital admissions up by 25% this year

Athalassa Psychiatric Hospital admissions increased by 25% in 2020 compared to last year and this means that demand for additional available space is now...

Some 3.5 million face masks used in public sector in four months

Some 3,500,000 face masks have been distributed to staff members of the public and semi-governmental sector in Cyprus over the past four months, according...

Paphos police looking for missing 62-year-old Briton (PHOTOS)

Police said 62-year-old British national Glyn Christopher Oliver, who lives permanently in Paphos, is missing from his home since Tuesday and anyone with information...

France’s Beaune in Cyprus for talks on Eastern Med crisis-UPDATED

The EU should show its solidarity and be prepared to sanction Turkey over its unacceptable actions in the Eastern Mediterranean, French Minister of European...

Taste

Chicken with okra and bulgur wheat

Heat the oil in a pan and sauté the okra until golden. Remove the okra, lay out in an oven tray and sprinkle with...

Swordfish with aubergines

To toast the sesame seeds: place sesame seeds in a small non-stick frying pan over low heat and stir until you begin to smell...

Ravioli

Just a little before serving, heat the broth and add the ravioli. (If the ravioli is frozen you don’t have to defrost). Heat them...

Seafood kebab with avocado salad

Place the mussels, shrimps and salmon in a bowl together with tarragon and lemon zest. Season and cover, keeping in the fridge for 15...