Extended deadlines for the submission of tax returns and payment of the final tax as per the relevant income tax return

Extended deadlines for the submission of tax returns and payment of the final tax as per the relevant income tax return

In accordance with the Ordinances dated July 30, 2021, certain tax periods have been extended in accordance with the dates below:

November 30, 2021
Electronic submission of the personal income tax return for 2020 by employees and retirees (Form TD1 – Employee), whose annual gross income exceeds 19,500 euros, and payment of the final tax amount according to the corresponding tax return.

November 30, 2021
Electronic submission of the 2020 personal income tax return by self-employed individuals (Form TD1 – Self Employed) with a turnover not exceeding € 70,000 who are not required to prepare audited financial statements, and payment of the final tax payable according to the relevant tax return.

September 30, 2021
Payment of the last tax payable (according to the relevant tax return) for the tax year 2020 for companies and sole proprietors with a turnover exceeding € 70,000 and with the obligation to prepare audited financial statements.

The Tax Department also announced that it is now possible to file personal income tax returns for 2020 for employees and retirees, as well as for self-employed persons with a turnover not exceeding 70,000 euros.

The above is for informative purposes only.  Further professional advice should be sought for each particular case. Our firm does not accept any responsibility for any loss or damage occurring by acting on the basis of this information.