Important Update: 2020 income tax declaration forms available

Important Update: 2020 income tax declaration forms available

By: P. Constantinou & Co

We would like to inform you that the Individual Income Tax Return forms for the tax year 2020 are now available for submission through the TaxisNet system of the Cyprus Tax Department.

A necessary condition for the submission of the above declaration is the electronic registration in the TaxisNet system.

The deadline for submission of the Individual Income Statement was set as the 30th of September, 2021.

Please note that according to recent changes in the legislation, until the tax year 2020 (included), individuals with gross income under the tax-free threshold of €19.500 are not obliged to submit a personal income tax return (TD1).

From the tax year 2021 onwards all individuals will be obliged to submit a personal income tax return.

If you would like any further assistance or consultation regarding the 2020 income tax submission please contact us>.

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