News Local State is facing difficulties in collecting 6 in 10 euro in taxes

State is facing difficulties in collecting 6 in 10 euro in taxes

The state is facing difficulties in collecting 63% of taxes already in arrears, mainly due to the fact that it cannot identify tax-payers, Phileleftheros reported today.


This amounts to €1.54 billion, according to a Tax Department report for the first quarter of fiscal year 2018.

How does the amount break down:

  • €32 million from 9,965 taxpayers will not be collected as they either moved abroad or are deceased.
  • €635.4 million in direct taxation will not be collected as taxpayers have proceeded in making appeals and/or objections.
  • €478.3 million in direct taxation owed by 20,000 taxpayers will not be collected as they went bankrupt.
  • Tax Department faces difficulties in collecting  €253.1 million from 3,385 taxpayers as they have no funds, no assets to liquefy, no access to loans and no other sources of income.
  • €112,.2 million from 15,519 taxpayers will not be collected as they have been removed from the tax register.



Read more:

Top Stories

Minister of Agriculture presents the Strategy for Biodiversity of Cyprus

The Government has presented on Friday the Strategy for Biodiversity of Cyprus, which includes thirteen strategic goals for the decade 2020-2030. The Action Plan...

Government, social partners kick off talks on support measures

  The government, employers and trade unions on Friday launched discussions on a package to support employment post-June 12 when the current schemes end. Employer associations...

Significant funding opportunities for Cyprus in the post-COVID era under European Green Deal

Aiming at a climate-neutral European Union by 2050, the European Green Deal is becoming the main tool for the recovery of the economy in...

Two coronavirus cases on Friday, total at 960

  Two people have tested positive for coronavirus in Cyprus from a total of 1836 tests, the Health Ministry said on Friday. One was from repatriations...

BA owner considers legal challenge to UK quarantine as relations fray

    The owner of British Airways is considering a legal challenge to Britain's quarantine plan, as relations between airlines and the government are frayed by...


Poulles (Υoung kolokassi)

Either you thrash the coriander seeds in a mortar, without making them into dust, or you gradually crush them in a blender. Remove the edges...

Pork cooked in wine

Crush the coriander seeds in a pestle and mortar or pulse-blend in a blender, taking care not to over-grind. Put the meat in bowl (not...

Lefkaritikos tavas – O ‘protinos’

Wash and dry the meat and rice separately. In a ‘tava’ (oven proof deep clay pot) first put a layer of five-six pieces of meat...

Local cuisine: An introduction

Rich in fresh ingredients and tasty herbs, offers the very best of Mediterranean culinary delights. Head out to a tavern and feast on a...