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New rules lift account seizures, allowing gains up to €4,200 annually. · Cyprus Report

Economy · Cyprus

New rules lift account seizures, allowing gains up to €4,200 annually.

1 sourceFirst reported 16 days agoUpdated 16 days ago

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A new policy effective from July allows for an increase in the exempted amount from bank account seizures.
Accounts that were previously frozen due to tax debts may be released under certain conditions.
Debtors can secure the release of their accounts and properties by paying 25% of their owed amounts and restructuring the remaining debts.
Individuals can potentially benefit by receiving up to 4,200 euros annually from these changes.

Generated by AI from the 1 sources below · always verify with the originals

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Μπλόκο στις κατασχέσεις λογαριασμών: Πώς αίρεται η δέσμευση και ποιοι κερδίζουν έως 4.200 ευρώ ετησίωςProto Thema · 16 days ago

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AI summary: catch up in 20 seconds

A new policy effective from July allows for an increase in the exempted amount from bank account seizures.
Accounts that were previously frozen due to tax debts may be released under certain conditions.
Debtors can secure the release of their accounts and properties by paying 25% of their owed amounts and restructuring the remaining debts.
Individuals can potentially benefit by receiving up to 4,200 euros annually from these changes.

Generated by AI from the 1 sources below · always verify with the originals