Cyprus has approved an extension of the deadline for taking part in the program for settling outstanding tax debts to 3 July 2018. The program allows for the settlement of tax debts with a lump sum payment or installments, and covers most Cyprus taxes, including income tax, special contribution for the defence of the republic, property tax, capital gains tax, stamp duty, value added tax, and certain other contributions ({News-2017-07-10/A/3-previous coverage}).