Cyprus Tax News: Personal tax reports deadline extension

The submission of the 2019 personal income tax returns and payment of 2019 personal tax has been further extended from 30 October to 30 November 2020.

The relevant Decree relating to the extension of the submission of the 2019 personal income tax declaration and the settlement of any personal tax due was issued by the Minister of Finance on 20 October 2020.

The Decree provides for the extension to 30 November 2020 of the following:

  • Electronic submission of the 2019 personal income tax return by employees and pensioners (TD1 – Employee) whose gross income exceeds €19.500, and for the payment of their final income tax due, and
  • Electronic submission of the 2019 personal income tax return by self-employed individuals (TD1 – Self-Employed) with a turnover that does not exceed the amount of €70.000 and who do not have an obligation to prepare audited financial statements and for the payment of their relevant tax due.