The European Commission has sent a letter to Cypriot authorities underlying the need to rectify the situation regarding amendments to the country’s VAT legislation, Commission spokesperson Arianna...
The European Commission has approved a €20 million Cypriot VAT deferral scheme to support businesses affected by the coronavirus pandemic and the restrictive measures in place to limit the spread of...
22/06/2022
The Council of Ministers has approved a bill which amends the income tax law so that the existing tax exemption for an investment in a small and medium innovation company is extended to cover...
21/06/2022
Minister of Finance Constantinos Petrides said Tuesday that the best way to address inflation is not by imposing additional taxes but investing in growth.The Minister, who was replying to questions...
20/04/2022
The European Commission has announced that it has approved an estimated two million euro Cypriot scheme to support private investments into innovative small and medium-sized enterprises (SMEs), which...
15/02/2022
Cyprus income tax revenue for tax year 2020 increased by €25,6 million euros, compared to 2019, with the total amount exceeding €642 million.Data obtained by the Cyprus News Agency show that the tax...
24/01/2022
Cyprus will proceed with a tax reform next year, including the increase of corporate income tax and the introduction of green taxation with a view to achieve its environmental targets, Finance...
10/12/2021
Finance Minister Constantinos Petrides said on Thursday that the Government has notified the EU’s VAT Committee over its intention to reduce VAT on household electricity bills from 19% to 9% for a...
19/11/2021
A total of 155,600 thousand people have started the process of filing their tax returns for 2020 by 11th November, Income Tax department spokesman Sotiris Markides told CNA on Sunday.He said the...
15/11/2021
Finance Minister Constantinos Petrides said on Thursday that increasing corporate tax should not be viewed as a "taboo" after the agreement at international level, for the imposition of a minimum...
15/10/2021