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Cyprus Enhances VAT Payment Extension for COVID-19 with Installment Option

|Approved Changes|Cyprus
Cyprus

The Cyprus Tax Department has announced the publication of Law 147(I)/2020, which amended the VAT payment extension provided in response to COVID-19 so that payments may be made in six installments. As previously reported, Cyprus allowed companies facing difficulties due to the COVID-19 outbreak to delay the payment of VAT to 10 November 2020 in respect of payments normally due by 10 April, 10…

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