Parliament on 30 October 2020 passed an amendment to the value added tax (VAT) law, providing more time for remitting payments of outstanding VAT liabilities.
Payments of VAT can be remitted in six equal installments for the VAT periods ending:
The first payment must be made on or before 10 November 2020, and the final payment must be made on or before 21 April 2021 (an extension from the original deadline of 10 November 2020).
Read an October 2020 report prepared by the KPMG member firm in Cyprus
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