Tax Declaration and Payment Updates
Submission of the (employer’s) withholding tax and contributions (TD7) declaration through the Tax for ALL system (TFA) The Tax Department informs that within the first half of 2025, the submission of the employer’s tax and contribution withholding return (TD7) and payment of taxes will move to the Tax For All (TFA) system. Until the TFA […]
Written by Robert LondonAudit & Accounting Lead · ACA (ICAEW) · ICPAC practising certificate
Submission of the (employer’s) withholding tax and contributions (TD7) declaration through the Tax for ALL system (TFA)
The Tax Department informs that within the first half of 2025, the submission of the employer’s tax and contribution withholding return (TD7) and payment of taxes will move to the Tax For All (TFA) system.
Until the TFA system is fully implemented:
- TD7 Declaration for the year 2023 and earlier will be submitted through the TAXISnet system.
- Payments for withholding tax and contributions for 2023, 2024, and 2025 will be processed via the Tax Portal.
Once the TFA system starts:
- Both submission and payment of TD7 returns will be done exclusively through the TFA system.
- For 2025 onwards, employers will be required to file monthly TD7 returns.
- All TD7 monthly returns for 2025 (As of January) must be submitted, even those where payments were previously made via the Tax Portal.
A Tax Identification Code (TIC) will be required for every employee for the submission of the monthly TD7 declaration.
This article is general information on Cyprus tax rules, not advice on your position. The right answer depends on your structure, your residency and the type of income, so treat it as the start of a conversation rather than the end of one.
