The Cyprus Tax Department has issued a notice announcing a penalty grace period for the submission of the annual company income tax return and the summary information table (SIT) on controlled transactions in respect of the 2024 tax year. The deadline for submission remains 30 November 2026 as per an earlier extension, although no financial penalties will be imposed for late submission, provided they are submitted by 28 February 2027. The same applies for annual tax returns of individuals th…