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2025 Income Tax Returns Due By October 31 In Cyprus

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.

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.

Meta’s Muse Charm Is More Than A Gimmick — It’s A Bet On Fashionable AI

Meta’s newly announced Muse Charm is already prompting a familiar question: is this a clever attempt to make AI feel more approachable to mainstream consumers, or simply the latest entry in a growing graveyard of flashy hardware that failed to catch on?

Early reactions have been mixed. But one thing is clear: the form factor is timely. In a market increasingly shaped by aesthetics, personalization, and nostalgia, the Charm arrives with the right visual language for the moment.

A Device Designed For A Generation That Likes To Carry Its Personality

For Gen Z consumers, especially, the idea of technology as an accessory is hardly far-fetched. In the post-Labubu era, dangling objects have become cultural currency — from keychains and mini plush toys to beauty products reimagined as bag charms. The appeal is not purely decorative. These items function as signals of identity.

That is precisely why the Charm may resonate. Like the beauty-bag charm trend seen across products such as lip glosses, hand sanitizers, and fragrances, the Muse Charm blends utility with self-expression. It is not just a device. It is a style object.

Hailey Bieber’s Rhode lip case helped push that idea into the mainstream by turning a lip product into something closer to a fashion accessory. The brand’s commercial success underscored how powerful that overlap can be: beauty and utility are no longer separate categories, but increasingly part of the same consumer logic.

The same goes for Labubu, the fuzzy collectible that evolved from niche toy to global phenomenon. While demand for the character may have cooled, the broader bag-charm category has not. Analysts now expect the global market for these accessories to surpass $1 billion by 2030.

The Charm Fits A Wider Retro-Tech Revival

Meta’s Muse Charm also taps into a broader retro-tech movement that has been gaining momentum. Digital cameras, flip phones, iPods, CDs, cassette tapes, wired earbuds, and even landline phones are all finding new life among younger consumers who are increasingly skeptical of always-on, algorithmically optimized technology.

That skepticism has created room for objects that feel tangible, controllable, and personal. For many young people, especially women driving a great deal of this trend, physical tech offers something the digital world often does not: a sense of ownership.

That is part of the appeal behind the growing popularity of so-called cyberdecks, DIY portable computers that are often decorated with jewels, flowers, stickers, pearls, and other embellishments. The point is not just function. It is intimacy.

The Apple Watch Trend Shows The Market Already Exists

There is another, more immediate reference point for Muse Charm: the growing TikTok-driven trend of turning older Apple Watches into keychains, pendants, and bag accessories. Across Amazon, Walmart, eBay, and Etsy, thousands of such products already exist, ranging from practical straps to decorative cases.

In many cases, these items are being worn less as gadgets and more as fashion objects. That distinction matters. It suggests the market is already primed for devices that blur the line between technology and accessory — especially when the technology is small enough to personalize and visible enough to signal taste.

In that sense, Meta is not inventing a new behavior so much as trying to package an existing one.

Meta’s Biggest Challenge Is Not Design. It Is Trust.

Still, good timing does not guarantee success. The biggest obstacle facing Muse Charm may not be product-market fit, but Meta itself.

The company has spent years eroding consumer trust through repeated privacy controversies, regulatory penalties, and public scrutiny over harms to minors. That history is difficult to separate from any new device that asks users to invite Meta even deeper into their daily lives.

And that is the central tension. If Muse Charm is positioned as a free or low-cost AI companion, the real currency may not be the hardware itself but the data it generates. Meta has said it plans to monetize Muse through a small transaction fee, but the broader business model is unmistakable: highly personalized advertising powered by highly personal behavior.

For consumers, the calculation may come down to a familiar tradeoff. The device may be playful, fashionable, and culturally on point. But whether users are willing to trust Meta with another layer of their lives is a far harder question.

That may ultimately determine whether Muse Charm becomes a breakout product — or just another well-designed gadget that could not overcome the baggage of the company behind it.

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