Regulations clarifying relief from interest and penalties on overdue taxes issued

A decree (in Greek only) published in Cyprus’ official gazette on 23 July 2021 provides details of the extension to the scheme of settlement for overdue taxes providing partial relief from interest and penalties to the tax years 2016 through 2019 announced in the amendment (in Greek only) to the Law Regulating the Settlement of Overdue Taxes (in Greek only) published in the official gazette on 29 April 2021 and effective as from that date

Source Deloitte

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