December 15 2017
Eligibility for inclusion
Submitting an application
With the extended deadline of January 3 2018 for the submission of applications for inclusion in the deferred settlement scheme for tax arrears established by Law 4(I)/2017 now less than one month away, the Tax Department has issued a further reminder of the scheme's main features.
Debts in respect of assessed tax arrears for tax years up to and including 2015 are eligible for the scheme.
All tax returns due must have been submitted and all tax liabilities for periods after December 31 2015 must have been settled or be in the process of being settled in accordance with an agreed payment schedule.
Requests must be submitted via the government's Ariadne internet portal by:
Payments can only be made electronically via the internet banking services of participating banks. A separate payment code is provided by these banks for each instalment. However, the arrangement will be cancelled if:
For further information on this topic please contact Philippos Aristotelous at Elias Neocleous & Co LLC by telephone (+357 25 110 110) or email (email@example.com). The Elias Neocleous & Co LLC website can be accessed at www.neo.law.
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