The Tax Department has announced, on 13 January 2025, that, within the first six months of 2025, the submission of TD7 forms and the corresponding payment of taxes and contributions will be transitioned to the TAX FOR ALL (TFA) system.
Until the new procedure becomes effective, the following procedures remain in place:
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Submission of TD7 up to and including year 2023: These will continue to be processed via TAXISnet.
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Monthly payments of withholding taxes and contributions for 2023, 2024 and 2025: These will continue to be made through Tax Portal.
Once the new procedure for TD7 submission via the TFA system is implemented, the following changes will apply:
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Submission of TD7 forms and payments of withholding taxes and contributions will be made exclusively through the TFA system.
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Monthly submission of TD7 forms: For year 2025 onwards, TD7 forms will have to be submitted on a monthly basis.
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Retroactive monthly submissions for 2025: For the year 2025, monthly TD7 forms will have to be submitted for all months from January 2025 onwards, even for months where payments have already been made through Tax Portal.
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Mandatory use of Tax Identification Code (TICs) for each employee: For the monthly submission of TD7 forms, the TIC of each employee must be included.
The exact implementation date of the new procedure will be communicated in a subsequent announcement from the Tax Department.
For any further guidance regarding this procedure, please do not hesitate to contact Kyriakides, Savvides & Associates Ltd. We are at your disposal to provide clarifications on the procedure and related services.
