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Exemption from the obligation to submit a personal income tax return for the year 2021 for individuals with annual gross income below €19.500
The Council of Ministers issued a Decree on the 4th of February 2022 which states that individuals are exempted from the obligation to submit a personal income tax return for the tax year 2021 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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