Following passage of legislation to combine the two tax authorities earlier this year, the Cyprus Inland Revenue Department and VAT Service have merged to form the Tax Department effective 1 July 2014. With the merger, the heads of both tax authorities are now replaced with a single Tax Commissioner.
The change was part of the international bail-out agreement between Cyprus and the TROIKA (EU, ECB, IMF). The tax authorities have also committed to making other reforms to increase efficiencies…