In brief
On 20 October 2020 the Minister of Finance issued a decree extending further the deadline for submission of direct tax returns of individuals and for payment of the related tax (based on powers granted to him by the Assessment & Collection of Taxes Law).
In detail
'Employees and pensioners' whose annual gross
income exceeds €19.500 (T.D.1 employees)
The new deadline for electronic submission of the 2019 income tax
return of "employees and pensioners" (i.e. those
individuals completing form 'T.D.1 employees'), whose
annual gross income exceeds €19.500, has been extended to
23:59 of 30 November 2020 (originally extended to 23:59 of 30
October 2020 by previous decree).
'Self-employed' whose annual turnover does not
exceed €70.000 (T.D.1 self-employed)
The deadline for electronic submission of the 2019 income tax
return of 'self-employed' individuals whose annual turnover
does not exceed €70.000 and who do not have an obligation to
prepare audited financial statements (i.e. those individuals
completing form 'T.D.1. self-employed') has been extended
to 23:59 of 30 November 2020 (originally extended to 23:59 of 30
October 2020 by previous decree).
Payment of the related tax via
self-assessment
The deadline for the payment of the related tax via self-assessment
has been extended to the same date.
The takeaway
This extension of deadlines is due to COVID-19 and due to the delay in the release of the relevant 2019 T.D.1 forms.
