The Cyprus Tax Department has announced that the date of submission of the 2019 Income Return for: (a) employees and pensioners (IR1) and (b) self-employed individuals whose turnover does not exceed €70,000 (IR1 self-employed), as well as the payment of the payable tax, is extended until October 30, 2020.
It is clarified that the obligation to submit an Income Tax Return (IR1) for the year 2019, arises ONLY when the gross annual income of the individual exceeds €19,500.
Our tax team is available to assist.