Last week, the Tax Department announced that, by Decree of the Minister of Finance on 27 November 2020, certain submission deadlines are extended up to, and including, 15 December 2020. The extension applies to Individual Income Tax Statements for the year 2019, and, payments of any overdue Tax as shown in the 2019 Personal Income Statement upon completion of the tax calculations.
Individual Income Tax Statement, form TD1 for employed individuals or TD1 for self-employed, can ONLY be submitted electronically through the TAXISnet system. It should be noted that individuals who are obliged to submit an Individual Income Tax Statement are those whose gross income for 2019 exceeds € 19,500.00.
Tax payments can also be made through internet banking, using the payment reference number in the Tax Department Gateway. Please note that overdue payments cannot be processed through the JCC Smart payment system.
For any assistance or further information, please contact Constantinos Christofi.
