The Inland Revenue Department (IRD) announces that within the framework of the adoption and implementation of the recommendations of the Global Forum Review of the Organisation for Economic Cooperation and Development (OECD) as well as within a broader Action Plan agreed with the private sector, has completed the first phase of dispatching the reminders (I.R. 22A (2014)) for submitting Income Tax returns I.R.4A via Taxisnet for the tax years 2008 to 2010.
All legal persons who have not submitted the Income Tax Return I.R.4A for the tax years 2008 t0 2011, are invited to do so without any delay under the provisions of this reminder I.R. 22A (2014), taking into consideration the provisions of the Circular No. 2014/2 dated 30 January 2014. In addition, those who have not received this reminder and have not submitted their Income Tax Returns I.R.4A at least for one of the tax years 2008 to 2011, are requested to contact the Income Tax District Offices for investigation of the accuracy of information kept in the database IRD, so that they can immediately comply with the requirement of the submission of the Income Tax return.
It is emphasized that, as mentioned in the reminder, no-compliance under Article 50A (a) of the Assessment and Collection of Taxes Law No. 4/1978 as amended, triggers a charge of €100 and under Article 50A (b) of the Assessment and Collection of Taxes Law No. 4/1975 as amended, triggers a charge of €200, as well as taking legal action according to the provisions of the Law and Regulations.
Please note that the last I.R.4A submission date for the tax years 2008 to 2011 is Tuesday, the 15th April 2014.