Millions lost as tax authority misses assessment deadlines

Cyprus is losing millions in unpaid taxes after thousands of cases fell outside the legal deadline for assessment, the audit service has warned.

In its latest report on the tax department, the service said 139,078 individual taxes relating to 2014 – 2017 can no longer be imposed or amended , as the superintendent’s authority has expired.

For companies, a further 6,070 outstanding taxes from the same period are also now