Tag: tax evasion

Customs fines passenger €4,584 over undeclared €57,000 watches

Cyprus Customs officials at Larnaca Airport have seized three luxury watches worth around €57,000 from a passenger arriving from Switzerland who failed to declare...

VAT audit Cyprus report raises concerns over tax controls

Audit Office highlights weaknesses in VAT inspections Cyprus' Audit Office has identified significant weaknesses in the Tax Department's VAT audit system, citing delays in investigations,...

Russian businessman extradited over €28m tax evasion case

A Russian businessman has been extradited from Cyprus to Russia, where he is wanted in connection with a large-scale tax evasion case involving more...

Audit Office: ‘Black funds’, lost revenue and untaxed performers

An Audit Office report has revealed serious weaknesses in the tax supervision of entertainment venues in Larnaca’s Mackenzie Beach area, highlighting a web of...

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Traffic fines rise in occupied north, toughest penalties exceed €2,500

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