Procedure for the settlement of overdue tax liabilities by instalments

The Cyprus Tax Department has issued an announcement informing taxpayers who have applied to participate in the scheme for settlement of overdue tax liabilities by instalments that failure to comply with the agreed terms will result in the sanctions provided for by law. In particular, payments must be made on or before the due date, quoting the unique payment reference code, and the amount of each payment must be at least the agreed amount.

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