VAT Payment Extension

As part of the measures to support companies facing liquidity problems due to the Covid-19 pandemic, the Ministry of Finance announces the extension of the payment extension for another three (3) tax periods. In particular, the payments that were payable on 10/5, 10/6 and 10/7 and have been suspended for 10/8, 10/9 and 10/10, respectively, are extended so that the payments become payable on 10/10, 10/11 and 10/12, provided that the taxable persons comply with their other obligations. It is emphasized that the remaining payments should be paid on the specified dates even if they coincide with the dates of this extension.

The intention of the Ministry of Finance is to submit a bill to the House of Representatives, which will include the above regulations as well as not to impose any financial burden or interest on taxable persons who will benefit from the above measure.

It is pointed out that in order for the above regulation to apply, each taxable person must submit his tax returns on time, i.e. by 10/08/2021, 10/09/2021 and 10/10/2021, respectively.