VAT Submission Deferred For Technical Reasons

On October 3^rd, 2023 Cyprus Tax Authorities announced the extension of the submission of the VAT for the period 01/06/2023 – 31/08/2023.

The new submission date for the above-mentioned VAT period is October 16^th, 2023. The deferral is induced by the reboot of the Tax Department IT platform scheduled from 15:30 October 6^th to 8^th.

Submitting and settling any VAT from October 17^th onwards (for the VAT period 01/06/2023-31/08/2023) shall be considered late submission and a surcharge of 100 EUR will be charged, along with a 10% of the VAT due and additional interests until the full payment.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.