Decrease of interest rate on late payments

The interest imposed by the Cyprus Tax Department, on late tax payment, was decreased from 5.5% to 3.5% starting from 1 January 2026.

Interest is charged on every completed month of delay.

We urge our esteemed clients to remain punctual on their tax payments and avoid any unnecessary costs.

PGE&Co remains at your disposal for any clarifications and for further assistance that might be needed on this or on any other matter.