Cyprus: Exemption from the obligation to submit a tax return for individuals for the year 2020

With a relevant Decree issued, every individual, who during the year 2020 has a gross income that does not exceed the amount of € 19,500, is exempted from the obligation to submit a tax return for the year 2020″. Consequently, for the tax year 2020, only those whose annual gross gross income is over € 19,500 are obliged to submit an income tax return.

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