June 4, 2024

Tax Alert #7-2024: Summary Information Table (SIT) Filing

Summary Information Table (SIT) Filing

  • Taxpayers with transactions involving related parties must complete a SIT detailing these transactions, including legal names, tax residency, Tax Identification Numbers, and transaction values.
  • The deadline for SIT submission for the tax year 2022 has been extended to 30 November 2024. Non-compliance may result in a penalty of €500.
  • The SIT must be filed through the Tax For All (TFA) Portal.
  • See here the announcement published by the Cyprus Department of Taxation on 27 May 2024.

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TAGS: Tax Alerts