Exemption for submission of Personal tax return for tax year 2022

Written by Marios Panayides
30 September, 2022

On 23 September 2022, the Council of Ministers issued a Decree in official Gazette which exempts individuals with gross annual income below 19,500 Euro from the obligation to submit a personal tax return (TD1) for the tax year 2022.

As a reminder, back in August 2020, the law changed and required ALL individuals irrespective of their gross income level to submit a Personal Income Tax Return (TD1).

We are at your disposal to discuss the above development.

You May Also Like…