The Tax Department informs that, according to a Decree of the Council of Ministers (Κ.Δ.Π. 359/2024) dated 8/11/2024, February 28, 2025, is the final date for timely submission of:
- the Income Tax Return for the Tax Year 2022 by a person who, based on the provisions of Article 33(10) of the Income Tax Law N118(I)/2002 as amended, is obliged to submit a Summary Table of Controlled Transactions, and
- the Summary Table of Controlled Transactions (according to paragraph 5(a) of Κ.Δ.Π. 314/2022) for the year 2022.
It is clarified, however, that by decision of the Tax Commissioner, no monetary charges will be imposed, provided there is compliance with the above tax obligations by May 31, 2025.
Submission of the above after May 31, 2025, entails the imposition of administrative fines and monetary charges as follows:
- Imposition of an administrative fine of €500 for late submission of the Summary Table of Controlled Transactions for the tax year 2022.
- Imposition of a monetary charge of €100 for late submission of the Company Income Tax Return for the tax year 2022.
Our team is dedicated to providing you with comprehensive support.
Should you have any questions or concerns, we encourage you to reach out to us for a complimentary consultation. We are committed to offering the guidance necessary for you to navigate the tax landscape with confidence.
Phone: +357 25 846 274
Email: fmaa-cy@uniteamservices.com
Website: https://www.uniteamservices.com/
Please feel free to contact us should you require any further information.
We look forward to assisting you!
