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Bill Proposes Fine Reduction for Late Payment of Unreported Work Penalties · Cyprus Report

Economy · Cyprus

Bill Proposes Fine Reduction for Late Payment of Unreported Work Penalties

1 sourceFirst reported 1 month agoUpdated 1 month ago

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The Council of Ministers has proposed a bill to limit administrative fines for unreported work.
The new legislation seeks to cap the fine increase to double the original penalty.
Many employers and self-employed individuals have accrued significant debts due to late payments.
A 252% increase in unpaid debts has been reported, totaling €65.6 million.
Legal actions have been taken against several debtors regarding their unpaid penalties.

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

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All coverage (1)

Νομοσχέδιο-συγχώρεση για αδήλωτη εργασία: Ζητούν από τη Βουλή να μειώσει το πρόστιμο σε όσους δεν το πληρώνουν στην ώρα τουPhilenews · 1 month ago

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AI summary: catch up in 20 seconds

The Council of Ministers has proposed a bill to limit administrative fines for unreported work.
The new legislation seeks to cap the fine increase to double the original penalty.
Many employers and self-employed individuals have accrued significant debts due to late payments.
A 252% increase in unpaid debts has been reported, totaling €65.6 million.
Legal actions have been taken against several debtors regarding their unpaid penalties.

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