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Update for the submission of tax returns

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Exemption from the obligation to submit a personal income tax return for tax year 2020 for individuals with annual gross income below €19.500

 

The Council of Ministers issued a Decree on 09/07/2021 which states that individuals are exempted from the obligation to submit a personal income tax return for the tax year 2020 if their annual gross income is below €19.500.

To be reminded, in August 2020, Cyprus amended its Assessment and Collections of Taxes Law stated that from the tax year 2020, all individuals with annual gross income that falls under the provisions of the Article 5 of Income Tax Law, were obliged to submit personal tax return.

 

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Contact persons


Anna Solomou

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+357 22 100 192

Head of Accounting

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Pavlos Tsiaklides

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+357 22 100 192

Head of Audit

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Andreas Odiatis

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+357 25 100 692

Audit Manager

 

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