3016 Limassol, Cyprus

41, Misiaouli & Kavazoglou Street, 2nd Floor, Office 201

+357 25 87 14 14

41, Misiaouli & Kavazoglou Street, 2nd Floor, Office 201

+357 96 63 66 26

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Exemption from IR1 Submission for Taxpayers with Income Below €19.500

In accordance with a Decree issued by the Council of Ministers, individuals with annual gross income below €19.500 are exempted from the obligation to submit a personal income tax return for tax year 2020.

As announced earlier, the electronic submission of the 2020 personal income tax return for individuals with a gross annual income of more than €19.500 has been extended to 30 September 2021.

Please refer to the updated Tax Calendar so that not to miss any important tax due dates and deadlines.

As always, M. Target Group specialists remain at your disposal should you require any further information, clarification or professional assistance.

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