Cyprus tax department to run trials for new online payment system

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This week, the Cyprus tax department released news that tests are currently being run on a system which will allow taxpayers to settle their overdue tax bills from the ease of their own home, online. They also remarked that if everything goes to plan, the system could be live as early as next week (WC: 28.05.17). In order to pay any outstanding debts, individuals will have to register with the government gateway portal which can be found here. Once logged into the system, they can then select their method of payment using instalments. Overdue debts under €100,000 can be paid in 54 instalments, due each month, while those with tax debts of over €100,000 can repay in 60 monthly instalments.