Increase in Tax Debts in Cyprus
July 21, 2026
In Cyprus, tax debts have reached nearly €1 billion, with delays of less than a year. The total tax owed is approximately €3.32 billion, with 29.5% of this amount being immediately collectible. Tax debts increased by €710 million from the previous year. Collection measures include court actions and bank account seizures. Additionally, new measures are being implemented to enhance tax collection.