As a part of the measures to support companies facing liquidity problems due to the COVID-19 pandemic, the Ministry of Finance, further to its announcement made on the 6th of May 2021 regarding the deferment of the VAT payments due on 10/5/2021, 10/06/2021 and 10/07/2021 by 3 months (10/08/2021, 10/09/2021 and 10/10/2021), it proceeded with a second announcement on the 22nd of July 2021 by which it offers a further deferment for the settlement of the vat dues for the same VAT quarters by another 2 months.
Source Kinanis
Contribution by Ms. Demetra Constantinou
Partner – Accounting & VAT Department
Latest Posts in "Cyprus"
- Cyprus Raises Annual Intrastat Arrivals Reporting Thresholds for EU Goods Movements
- Cyprus Extends 0% VAT on Essential Goods Until December 2026 to Aid Households
- Cyprus Clarifies VAT Rates for Events Combined with Restaurant or Catering Services
- Tax Authorities Clarify VAT Rates Applicable to Admissions for Different Events
- Cyprus Clarifies VAT Rates for Admissions to Cultural Events, Restaurants, and Performances
