Increase in Delayed Tax Debts in Cyprus
July 29, 2025
The Audit Office reported that delayed tax debts to the state have reached €3.1 billion, with 45% of these likely to be uncollectible. This amount has tripled in the last 13 years, mainly due to delays in taking collection measures. For 2023, outstanding income tax debts amount to €2.5 billion, showing a significant increase compared to 2022. These delayed debts are related to company bankruptcies and ineffective management by the Tax Department.