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Cyprus COVID-19 VAT deferments

Author: Richard Asquith Published on: 26 August 2021 Published in: Cyprus

The Ministry of Finance has granted a fresh round of easements on Value Added Tax returns and liability payments.

VAT payments due by 10^th August for the quarter 2 (April to June 2021) returns may now be deferred until 10^th
10^th September payments (for May to July 2021 transactions) is now delayed until 10^th November
10^th October payments (for Jun to Aug 2021) may be moved to 10^th

There will be no interest charges on any taxpayer taking advantage of the above delayed payment dates. However, VAT returns must still be filed on the regular filing dates.

Richard Asquith

editor

Richard is a frequent contributor to international VAT and GST debate and public policy consultations. Prior to VAT Calc, he helped establish and grow two tax tech businesses. He started his career with the 'Big-4', working with KPMG and EY in the UK, Hungary, Russia and France