Cyprus tax crackdown nets €44m from 513 high-risk debtors

Cyprus’s Tax Department tracked down 513 large debtors last year who owed €44.1 million in unpaid taxes, part of a two-year enforcement drive that recovered nearly €99.5 million from more than 1,000 major taxpayers, according to information obtained by Phileleftheros.

The 513 taxpayers — classified by the department as high-risk — had accumulated debts across income tax, capital gains tax, the special defence contribution, and VAT. Of those, 396 owed direct taxes totalling €37.9 million, while...