2020 Income Tax form exception for income below €19,500
Exemption from the obligation to submit a personal income tax return for the tax year 2020 for individuals with annual gross income below €19,500
As revised with the Decree issued by the Council of Ministers on 9 July 2021, Cyprus taxed individual with annual gross income below €19,500 are exempted from the obligation to submit a personal income tax return for tax year 2020.
This Decree has amended the Assessment and Collection of Taxes law issued in August 2020 which stated that as from the tax year 2020, it would be mandatory for all taxpayers to submit their tax returns irrespective of their income level.
The Electronic submission of the 2020 personal income tax return (IR1A) of individuals and payment of the final tax due are extended to 30 September 2021.