The payment of value added tax (VAT) in Cyprus has been deferred in response to the coronavirus (COVID-19) pandemic.
Eligible VAT payments may be deferred to 10 November 2020 without invoking penalties or interest.
The deferral of payment of VAT only applies to periods ending on 29 February 2020 (1 December 2019 - 29 February 2020), 31 March 2020 (1 January 2020 - 31 March 2020) and 30 April 2020 (1 February 2020 - 30 April 2020), provided that the relevant VAT returns are timely submitted (on 10 April, 10 May, and 10 June, respectively) and that the taxable persons do not fall under certain exclusions.
Read a March 2020 report [PDF 57 KB] prepared by the KPMG member firm in Cyprus
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