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Update: Payment of VAT in 3 equal installments

The Tax Department informs (10/2/2022) that it is possible for Taxable Persons to pay the VAT for the period ending on 31/12/2021 in 3 equal installments payable on 10/2/2022, 10/3/2022, and 10/4/2022, without the imposition of additional tax and charges.

To be eligible, the specific VAT return must have been submitted on time on 10/2/2022 and must reflect the correct amount of tax due for the specific period, regardless of whether the VAT is chosen to be paid in installments.

Source: pconstantinou.com

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