Online tax returns trickling in

By Christophe Hadjigeorgiou

Assistant tax commissioner Sotiris Markidis announced on Monday that 39,000 tax returns have been submitted since June for the fiscal year 2017, and 224,500 people have registered to Taxisnet, the department’s online portal.
Another 12,000 statements have been submitted provisionally, meaning the taxpayer has not yet finalised the document.
According to Markidis, the 224,500 new registrations represent 78.5 per cent of those who were expected to register on Taxisnet after the state mandated online submissions only.
As far as overdue tax payments are concerned, Markidis said there have been 13,000 arrangements for a total sum of €440m.
The amount expected to be paid after discount is around €360m.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.