Cyprus extends deadline for payment of overdue taxes
Cypriot taxpayers will be pleased to hear that the settlement of overdue taxes – by providing a relief on penalties and interest – incurred up to the year 2015 has now been extended until August 2020.
Cypriot taxpayers will be pleased to hear that the settlement of overdue taxes – by providing a relief on penalties and interest – incurred up to the year 2015 has now been extended until August 2020.
The House of Representative voted for this amendment earlier this month, basically providing an extension of the 2017 relevant legislation.
Taxpayers can therefore enjoy significant discounts of such charges depending on the number of instalments in which they have agreed to pay their overdue taxes. For one-off payment a discount of 95% will be granted.
Discover more: Cyprus extends deadline for payment of overdue taxes
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