Cyprus Tax alert – The payment suspension of the VAT payment until 10/11/20 is further extended
The VAT payable arising from the VAT returns submitted for the VAT periods ending on 29/02, 31/03 and 30/04 of 2020, is suspended and can be made in six (6) monthly equal instalments by 10/04/21.
The first payment must be made by 10/11/20 and the final payment by 10/04/21.
As long as the relevant VAT return has been submitted on time and the VAT is paid within the set deadlines, this VAT payment extension is not subject to any additional tax or interest.
Our team is at your disposal for any support you may require for timely submission.