On October 3rd, 2023 Cyprus Tax Authorities announced the extension of the submission of the VAT for the period 01/06/2023 – 31/08/2023.
The new submission date for the above-mentioned VAT period is October 16th, 2023. The deferral is induced by the reboot of the Tax Department IT platform scheduled from 15:30 October 6th to 8th.
Submitting and settling any VAT from October 17th onwards (for the VAT period 01/06/2023-31/08/2023) shall be considered late submission and a surcharge of 100 EUR will be charged, along with a 10% of the VAT due and additional interests until the full payment.
Eurofast office in Cyprus keeps finger on the pulse of Cyprus Tax Authorities updates. For any further information, feel free to contact our office in Nicosia at firstname.lastname@example.org
Eurofast is a regional business advisory organization employing local advisors in over 21 cities in South East Europe & the Middle East (SEEME). The Organization is uniquely positioned as a one-stop-shop for investors and companies looking for professional services in Tax & Transfer Pricing – Payroll & Employment – Accounting & Compliance – Advisory & Corporate.