On 12th December 2011 the Special Settlement of Overdue Taxes Law was published in the Cyprus Gazette.
Tax payers can pay all outstanding taxes for the years up to 2008 with 5% penalty and no interest will be applied. CONDITIONS: Due taxes shall be paid:
1. in full
2. up to 30th March 2012
The provisions of this Law are temporary and are valid from the date of publication of the Law till 30th March 2012.
Areti Charidemou & Associates LLC Law Firm