On 18 June 2020, the Ministry of Finance announced that the deadline of income tax return 2019 is to be extended until 29 July 2020 for both individuals and legal entities. The extension was deemed necessary in order to make it easier for all citizens and businesses to file their tax returns. Noted that, the deadline for the payment of the first installment of income tax, which is 31 July 2020, does not change.

The Government has announced and will proceed with other measures to facilitate individuals and legal entities regarding the payment of their tax liabilities. It is reminded that:

  • A 2% discount is provided for the lump sum payment of income tax for individuals.
  • The payment of personal income tax will be made in 8 monthly installments, instead of 3 two-month installments, which was valid until today.
  • The payment of income tax to legal entities will be made in 8 monthly installments, instead of the 6 monthly installments, which was valid until today.
  • The ENFIA payment will be made in 6 monthly installments, instead of 5 monthly installments, which was valid until 18 June 2020.