Amendment to the Law regulating the settlement of overdue taxesnconstantinou
The House of Representatives has voted an amendment to the Law regulating the settlement of overdue taxes, effective from 13 November 2017.
The amendment provides as follows:
- Where the total tax due does not exceed €500, an amount of €100 to be written off, and
- Where the total tax due does not exceed €100, the whole amount to be written off.
The eligible taxpayers (individuals and companies) are not required to submit an application for the write-off as the write-off will be applied automatically by the Tax Department and inform the taxpayers accordingly.