Cyprus football clubs face frozen accounts over €1m tax debt

1 sourceFirst reported 52 minutes agoUpdated 52 minutes ago

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Four Cypriot football clubs, APOEL, Anorthosis, Apollon, and AEL, have been instructed to pay €1 million in new VAT and income tax debts.
The Tax Commissioner, Soteris Markides, set an August 20 deadline for the payment.
Failure to comply by the deadline will result in the freezing of their bank accounts.
The Tax Commissioner discussed the issue at a CFA meeting last Monday.

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Cyprus football clubs face frozen accounts over €1m tax debtIn-Cyprus · 52 minutes ago

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AI summary: catch up in 20 seconds

Four Cypriot football clubs, APOEL, Anorthosis, Apollon, and AEL, have been instructed to pay €1 million in new VAT and income tax debts.
The Tax Commissioner, Soteris Markides, set an August 20 deadline for the payment.
Failure to comply by the deadline will result in the freezing of their bank accounts.
The Tax Commissioner discussed the issue at a CFA meeting last Monday.

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