Economy · Cyprus

Tax Department Targets Tax Evaders in Cyprus

1 sourceFirst reported 24 days agoUpdated 24 days ago

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The Tax Department has caught 513 major debtors after years of avoiding taxes.
These debtors owe a total of €44.1 million in direct taxes and VAT.
Over the past two years, 1,059 large taxpayers have been identified, generating €99.5 million for public finances.
The government is using audits and targeted campaigns to improve tax compliance.

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AI summary: catch up in 20 seconds

The Tax Department has caught 513 major debtors after years of avoiding taxes.
These debtors owe a total of €44.1 million in direct taxes and VAT.
Over the past two years, 1,059 large taxpayers have been identified, generating €99.5 million for public finances.
The government is using audits and targeted campaigns to improve tax compliance.

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