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2025 Income Tax Returns Due By October 31 In Cyprus

by THEFUTURE.TEAM

June 11, 2026

The deadline for submitting 2025 income tax returns for employees and self-employed individuals has been set for October 31, following a decision by the Council of Ministers.

Extended Filing Window Amid System Enhancements

Individuals required to submit tax returns will have approximately four months to complete the process. Although authorities had initially planned to process 2025 tax returns through the Tax For All platform, ongoing system upgrades mean submissions will continue through TAXISnet. The arrangement follows delays linked to the tax reform that came into effect on January 1 and technical updates being implemented to the new system.

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Upcoming Availability And Filing Guidelines

The Tax Office is expected to publish the income declaration forms for wage earners and the self-employed within the coming month. Taxpayers earning over €19,500 annually are required to file, as the tax exemption threshold will adjust under the new reform measures. Late submissions beyond the October 31 deadline will incur a penalty of €100. The filing process, as detailed on the Tax Office website, remains consistent with prior years.

Changes On The Horizon For The 2026 Tax Year

Authorities are also preparing the framework for 2026 tax returns, which will incorporate measures included in the recent tax reform. The updated system will reflect revised tax brackets, changes to deductions and a higher tax-free threshold. Returns for the 2026 tax year will be submitted during 2027, with a filing deadline of July 31.

Revised Tax Brackets And Family Deductions

For 2026, several key adjustments will affect taxpayers:

The tax exemption has been raised to €22,000.
Income between €22,001 and €32,000 will be taxed at 20%.
Income between €32,001 and €42,000 will face a 25% tax rate.
For annual incomes between €42,001 and €72,000, the tax rate will be 30%.
Incomes exceeding €72,000 will be taxed at 35%.

Personal deductions will now be determined by family status and income. For each dependent child or student, deductions will be €1,000 for the first child, €1,250 for the second, and €1,500 for additional children. Additional tax relief includes a €2,000 deduction for mortgage interest and rent for a primary residence, along with a €1,000 incentive for green investments related to primary residences and electric vehicle purchases.

Family income criteria will also influence eligibility for these benefits: households with one to two children must have annual incomes up to €100,000, those with three to four children up to €150,000, and families with five or more children up to €200,000. Additionally, starting next year, the obligation to file the income tax declaration will apply to taxpayers aged between 25 and 71.

This evolving tax landscape underscores the urgency for businesses and individuals alike to remain informed and proactive in their financial planning. As the system transitions to meet modern standards, clarity on these reforms will be key to compliance and strategic fiscal management.

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Only 1% Of Cyprus Farms Use Precision Farming Technologies

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

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Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.