MoF withdraws decree for payment of VAT on account

NicosiaThe Ministry Of Finance (MoF) issued on 10/04/2020 an announcement confirming that decree ΚΔΠ145/2020, which announced payment of VAT on account on a monthly basis for certain businesses will not be put in effect.

It is noted that the only VAT measure announced under the Covid-19 fiscal package of the government is the postponement of the payment of VAT until 10/11/2020 for certain categories of taxable persons assuming their VAT returns are submitted on time as explained in our news bulletin dated 30/03/2020.