Cyprus tax
Posted: Tue May 16, 2017 8:36 pm
Just had my return for 2011!
The assessment stated I owed several hundred Euro's in back tax, on checking I discovered that instead of the 5% I have paid for many years, the assessment reverted to 20%. Luckily I keep records and the tax office today confirmed their error.
My concern is some people may not keep records, especially from more than 6 years ago.
So do not be too quick to pay any back tax demands without checking first.
Unbelievable that the tax office is 6 years behind!
The assessment stated I owed several hundred Euro's in back tax, on checking I discovered that instead of the 5% I have paid for many years, the assessment reverted to 20%. Luckily I keep records and the tax office today confirmed their error.
My concern is some people may not keep records, especially from more than 6 years ago.
So do not be too quick to pay any back tax demands without checking first.
Unbelievable that the tax office is 6 years behind!