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- August 11, 2021
- Posted by: Panos
- Category: News, Taxation
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Extension for the submission and settlement of final tax 2020 for companies, employees -pensioners and self-employed.
Ιn accordance with the Decrees issued on 30 July 2021, certain tax deadlines are extended as per the below table:
| Obligation | Extended deadline |
| Payment of the first installment of the temporary tax for the year 2021
Payments of Taxes and Contributions are made only electronically through:
|
31 August 2021 |
| Payment of the final tax due (as per the relevant income tax return) for tax year 2020 for companies and self-employed individuals with turnover that exceeds the amount of €70,000 and with an obligation to prepare audited financial statements. |
30 September 2021 |
| Electronic submission of the 2020 personal income tax return by employees and pensioners (Form TD1 – Employee) whose annual gross income exceeds €19,500, and payment of the final tax due, as per the relevant income tax return. |
30 November 2021 |
| Electronic submission of the 2020 personal income tax return by self-employed individuals (Form TD1 – Self-employed) with turnover that does not exceed the amount of €70,000 and who do not have an obligation to prepare audited financial statements, and payment of the final tax due, as per the relevant income tax return. |
30 November 2021 |
The Tax Department has also announced that, the submission of the 2020 personal income tax returns for employees and pensioners as well as for self-employed individuals with turnover that does not exceed the amount of €70,000, is now available through Taxisnet.
We are at your disposal to assist you in meeting the above deadlines, contact us now info@fci.com.cy!