Increase of interest rate on late payments

Interest on late payments now increased therefore make sure to remain punctual on your tax payments.

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25/01/2024

The interest imposed by the Cyprus Tax Department, on late tax payment, is increased from 2.25% to 5% starting from 1 January 2024.

Interest is charged on every completed month of delay.

We urge our esteemed clients to remain punctual on their tax payments and avoid any unnecessary costs.

PGE&Co remains at your disposal for any clarifications and for further assistance that might be needed on this or on any other matter.

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