Cyprus and France are set to sign a Convention for the avoidance of Double Taxation and the prevention of fiscal evasion and avoidance, on Monday, in Nicosia. In a press release the Ministry of...
Cyprus had the largest increase among EU member states in its tax-to-GDP ratio in 2022 compared to 2021, according to data published by Eurostat, the statistical service of the European Union. The...
01/11/2023
The Agreement for the Elimination of Double Taxation with Respect to Taxes on Income and on Capital and the Prevention of Tax Evasion and Avoidance, and its Protocol between the Republic of Cyprus...
17/10/2023
In his opening remarks at the first meeting for the tax reform, which took place on Friday at the Ministry of Finance, Minister of Finance Makis Keravnos emphasized that the new tax system should be...
02/10/2023
The Cyprus government decided to slash taxation on interest income from 30% to 17%, Finance Minister Makis Keravnos said on Wednesday, noting that banks should follow suit in boosting income for...
13/09/2023
The tax transformation, issues related to sanctions against Russia, and the establishment of a unified authority to deal with sanctions and money laundering were among the topics discussed during the...
01/09/2023
Cyprus is not expected to face any further consequences following the decree signed by the Russian President on Tuesday, for the suspension of certain provisions of international agreements regarding...
10/08/2023
The Council of Ministers approved on Wednesday an agreement for double taxation avoidance and the prevention of tax evasion regarding income taxes as well as the relevant protocol between the...
19/07/2023
Cyprus’ Ministry of Finance has expressed the intention to support before the European Commission, a legislation passed by Parliament which provides for reduced VAT rate of 5% for the first 130 sqm...
12/06/2023
Today, the European Commission decided to send a reasoned opinion to Cyprus for its failure to properly apply EU VAT rules for dwellings purchased or constructed in Cyprus.According to a statement,...
01/06/2023