Cyprus may lose millions due to tax appeal restrictions

Cyprus’ Tax Department is unable to appeal decisions of the Tax Tribunal before the courts , effectively tying its hands in cases where the state could potentially lose millions of euros in unpaid taxes.

According to a report by Philenews , a recent decision by the Tax Tribunal highlights the issue vividly.

In April 2024, the Tax Commissioner imposed taxes amounting to approximately €3 million on a specific taxpayer, including