The European Commission has announced it has sent letters of formal notice to 25 of the EU’s 27 member states, including Cyprus, due to the absence of communication by Member States of measures taken...
In 2021, environmental tax revenue in the EU returned to the level recorded before the COVID-19 pandemic according to data published by Eurostat, the statistical service of the EU.According to 2021...
16/01/2023
Cyprus Ministry of Finance said on Friday it will introduce a 15% minimum corporate tax rate on multinational and domestic groups or companies with a combined annual turnover of at least €750 million...
19/12/2022
More than 270 people who benefited from the reduced rate of 5% VAT for first-time home buyers, have been found to be ineligible, following checks carried out throughout Cyprus by the Tax Department,...
30/11/2022
Cyprus Finance Ministry has expressed satisfaction for the positive reaction of Australian authorities to initiate bilateral negotiations for the conclusion of the Convention for the Elimination of...
16/11/2022
Cyprus saw the largest rise in the EU in its tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of gross domestic product (GDP), in 2021 compared to 2020,...
01/11/2022
The Tax Department is proceeding rapidly with the clearing of the Tax Declarations of companies and individuals from previous years with the aim of having all the declarations cleared by the summer...
12/10/2022
The European Commission has announced that it is closing infringement procedures against Cyprus and another two countries regarding the communication of national measures related to tax avoidance and...
03/10/2022
Approximately 275,400 individuals have submitted their tax returns for 2021, the final day of submission.Another 4,300 returns have been temporarily stored, tax Commissioner Sotiris Markides told CNA...
02/09/2022
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...
08/08/2022