Tax Department to begin business closures over unpaid debts and missing receipts

Tax inspectors will begin surprise checks on businesses in tourist areas within days, using new powers to suspend operations for companies that fail to issue receipts and invoices or owe more than €20,000 in tax.

The business closure measure, which will be introduced gradually during July, will be used in Cyprus for the first time as part of the tax reform that came into force at the start of the year....