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Economy · Cyprus
Tax Department identifies 513 high-risk debtors owing €44 million
2 sourcesFirst reported 28 days agoUpdated 28 days ago
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What all sources covered
- The Cyprus Tax Department tracked down 513 large debtors with €44.1 million in unpaid taxes.
- These debtors, classified as high-risk, were evading tax obligations for years.
- Total tax recoveries from a two-year enforcement campaign reached nearly €99.5 million.
- The enforcement included investigations into various tax liabilities, including VAT and income tax.
- Officials discovered misuse of reduced VAT rates primarily on properties used as rentals.
2 sources
Who reported first
PhilenewsFirst
In-Cyprus+3h
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