The Department of Inland Revenue (I.R.D.) is sending you information regarding amendments to the Employer’s Returns (I.R.7A) and requests your attention in order to avoid unnecessary inconvenience.
1. From tax year 2011 every employer has to submit the Return (I.R.7A), electronically via TAXISnet ONLY. The service has already been available from tax year 2010 since the beginning of the current year and the procedure is similar to the other Income Tax Returns. In addition, you may submit an I.R.7A with no employees, or as many employees as you wish, with an initial screen of five (5) employees which extends as you complete it. There is also, the XML submission option. Information for registering with TAXISnet is available on website: https://taxisnet.mof.gov.cy.
2. In the I.R.7A analysis for employees’ data, two new columns have been added for deductions under the provisions of Law 112(I) and 113(I) of 2011 and these must be filled with the precise amount (2 decimals), whenever applicable. The same amounts should be entered on Part 4 of the Return.
3. The deduction according to Law 113(I) must also be included in the column for contributions to provident & pension funds, because it is a contribution to approved pension fund.
4. And last, the identification of the employees should follow this order:
· T.I.C. = Tax Identification Code if available.
· Τ = Identity Card number οf the Cyprus Republic for non holders of T.I.C
· Α = Alien Registration Card (ARC) for non holders of T.I.C. or Cyprus ID
· Φ = (Tax) Identification number of overseas authority for non holders of T.I.C. or Cyprus ID, or A.R.C.
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