Tax Update

Extension for the submission of 2019 personal income tax returns and payment of tax

As per the relevant Decree issued on 20 October 2020 the following deadlines have been extended until 30 November 2020:

Personal income tax return 2019 (employees and pensioners)

The deadline for electronic submission of the 2019 personal income tax return by employees and pensioners (TD.1 – employee) whose gross income exceeds €19.500 has been extended until 30 November 2020.

Personal income tax return 2019 (self-employed)

The deadline for electronic submission of the 2019 personal income tax return by self-employed individuals (TD.1 – self-employed) with turnover that does not exceed the threshold of €70.000 and who do not have the obligation to prepare audited financial statements has been extended until 30 November 2020.

Payment of final tax due

The final tax due payment arising from the aforementioned obligations has been extended until 30 November 2020.