Announcement by the Cyprus Government – VAT

Payment of VAT in installments for the period ending on 31/12/2021

Based on an announcement of the Ministry of Finance here dated 9/2/2022, the Tax Department informs that, it is possible for Taxpayers to pay the due VAT resulting for the period ending on 31/12/2021 in (3) equal instalments payable on 10/2/2022, 10/3/2022 and 10/4/2022, without the imposition of additional tax and monetary charge.

It is pointed out that, in order for the above regulation to apply, the specific VAT return must be submitted normally on 10/2/2022 and reflect the correct amount of tax due in the specific period, regardless of whether the VAT is chosen to be paid in instalments.

Related Posts