2020 Income Tax Declaration T.D1 Employees & self-employed
We would like to inform you that the Income Tax Declaration for individuals (TD.1 form) for the tax year 2020, is made available to the Taxisnet system.
In accordance with an amending Assessment and Collection of Taxes law published on 20 April 2021, due to the prolonged crisis and the adverse economic conditions caused by COVID-19, the deadlines for the electronic submission of the 2020 personal income tax return (TD.1) of individuals and payment of the final tax due as per the relevant income tax return is extended to 30 September 2021.
Additionally, 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 the tax year 2020. As a reminder, the amending Assessment and Collection of Taxes issued in August 2020 provided that as from the tax year 2020, it would be mandatory for all taxpayers to submit tax returns irrespective of their income level. The law also provided that the Council of Ministers, through a Decree, may determine the criteria based on which individuals whose gross income does not exceed €19,500 have no obligation to submit a tax return
HLB Cyprus Tax department is always at your disposal for any additional information or clarifications you may require.
Tax & Legal Department