OCTOBER 2017 – EXTENSION OF PROCEDURE FOR SETTLEMENT OF OVERDUE TAX LIABILITIES – COURTESY OF EY

CYPRUS: EXTENSION OF THE PROCEDURE FOR THE SETTLEMENT OF OVERDUE TAX LIABILITIES

Further to the EY Tax Alert issued in June 2017, relating to the new law for the settlement of overdue taxes, please be informed that the Cyprus House of Representatives has voted for an amendment to this law (L.4(I)/2017) (“Law”) which effectively provides for an extension to the period during which an application for the settlement of overdue tax liabilities can be made.

More specifically, as per the amending law, the period during which taxpayers will be in a position to apply through the Ariadne Governmental Portal, for the settlement of their Overdue Tax Liabilities, has been extended by 3 months.

As such, taxpayers will be able to apply for the settlement of their overdue taxes by the 3rd of January 2018.

Read the full article here: EY october-2017

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