In brief
The Minister of Finance issued on 5 June 2020 a decree extending the deadline for submission of direct tax returns of individuals and for the payment of the related tax (further to the amendment of the Assessment & Collection of Taxes Law published in the Cyprus Government Gazette on 27 March 2020).
In detail
'Employees and pensioners' (T.D.1 employees)
The 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 turnover exceeds €19.500, has been extended to 30 October 2020 at 23:59.
'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 30 October 2020 at 23:59.
Payment of the related tax
The deadline for the payment of the related tax via self-assessment has been extended to the same date.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
