Cyprus Provides VAT Installment Payment Relief for COVID-19

The Cyprus Tax Department has published a notice dated 9 February 2021, which provides that for the VAT periods ending 31 December 2020 and 31 January 2021, taxpayers are allowed to pay the VAT due in three installments, unless a taxpayer's economic activity is included in a list attached to the notice. The option to pay in installments is provided in light of the COVID-19 pandemic, with the three installment payments due, for both periods, by 10 April 2021, 10 May 2021, and 10 June 2021, wi…