We kindly remind you that the deadline to take advantage of the interest abolition on overdue taxes payable is the 31.03.2012. If you pay your Cyprus Tax before the end of this month you will avoid paying interest on overdue taxes (beyond 5%) and any other associated penalties. Effectively you will pay only interest on 5% of the taxes payable. This applies for all tax years until 2008.
Relevant ICPAC quidance, follow the link ICPAC presetation.