Exemption from the obligation to submit a 2020 Tax Return for certain individuals

Exemption from the obligation to submit a 2020 Tax Return for certain individuals

Exemption from the obligation to submit a 2020 Tax Return for certain individuals

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As per a Decree issued on 09 July 2021, physical persons which during the tax year 2020 earned gross income not exceeding €19.500, are exempted from the obligation to submit a Tax Return for 2020.

This is in line with what was applied in prior years, essentially postponing the enforcement of the new rule which concerns the mandatory submission of an Income tax Return by all taxpayers regardless of the level of their annual income.

Relevant Decree can be found HERE