The objective of the present Indirect Tax Update is to inform you that the Tax Department has extended the deadline for submission of the VAT return and payment of the VAT due, as follows:
VAT Period | Extended Submission Deadline |
01/06/2023-31/08/2023 |
The extension was deemed necessary as the Tax Department's Computer Systems will be temporarily offline between 6 October 2023 (3:30 p.m.) up until 8 October 2023, for the purpose of upgrading the Government Hub Network which will be back in operation on 9 October 2023.
Should you require further clarifications on the above, please contact our trusted advisors in the Indirect Tax Department at KPMG Cyprus.
KPMG’s Indirect Tax team provides advice and assistance at the Cyprus and international level. We structure our effort to dovetail with your business issues and strategy. Our focus is on supplying value adding and pragmatic advice rather than just a list of recommendations.
Our tax professionals are able to review your company’s current tax position and provide relevant advice and planning on a range of indirect taxes, including VAT, customs duties and excise taxes (such as tax audits, reorganizations and acquisitions, etc.). Furthermore, we can help your company with its administrative obligations and contacts with administrative bodies.
