ARTICLE
12 October 2017

Payment Of VAT And Other Tax Liabilities By Internet Banking

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Elias Neocleous & Co LLC

Contributor

Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
The Cyprus Tax Department has announced that payments of VAT and of instalments under the Process of Adjustment of Tax Arrears Law of 2017 can now be paid via Internet banking.
Cyprus Wealth Management

The Cyprus Tax Department has announced that payments of VAT and of instalments under the Process of Adjustment of Tax Arrears Law of 2017 can now be paid via Internet banking. Currently four banks offer Internet payment of tax liabilities, but the Tax Department expects to extend the service to other banks shortly

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