A news item from a few months ago , I was surprised how much .
The finance ministry has revised initial projections of €6.9 billion in revenue to €6.15 billion because of the pandemic, of which €2.1billion from direct taxes and €3 billion from indirect taxes, the paper added.
The department’s announcement did not elaborate on what the problem is other than citing technical issues, but according to Phileleftheros the delays are due to changes in the tax department’s IT system by a foreign company which were not completed because of the coronavirus outbreak.
Last year, the state generated €1.62 billion from income tax, an increase over the €1.45 billion of 2018
https://cyprus-mail.com/2020/08/25/dead ... -extended/
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