The House of Parliament voted for the extension until 31 October 2012 of the validity of the Law 160(Ι) of 2011, which provides for settlement of tax liabilities for the years up to 2008 with a penalty of 5% only (http://www.httaudit.com.cy/index.php/component/k2/item/39-interest-and-penalties-on-tax-liability) at 29 March 2012. In addition and on the same day, the Director of Inland Revenue announced that the…