As of Monday January 13 the VAT standard rate in Cyprus will increase by 1% to 19%, as part of a series of obligations included in the €10 billion bailout the island agreed with its international...
Crisis-hit Cyprus is preparing to say goodbye to a tough 2013 but is set to face an even harsher new year as fiscal provisions in its adjustment programme feature further pay cuts and tax hikes. New...
31/12/2013
VAT Service has announced that VAT increases to 19% from 18% from January 13, 2014 onwards. A press release notes that reduced VAT also goes up to 9% from 8%. However, the increase does not affect...
27/12/2013
Supervising Authorities of the Administrative Service Providers (ASP), namely the Securities and Exchange Commission, the Cyprus Bar Association and the Institute of Certified Public Accountants of...
12/12/2013
The government has pledged to take all necessary additional steps to implement the required changes and ensure improved compliance with regard to tax transparency and the exchange of information for...
26/11/2013
The double tax treaty between Cyprus and India has not been terminated, the Ministry of Finance clarifies in a press release issued here on Thursday. The Ministry says in its press release that “...
08/11/2013
AKEL unleashed new criticisms against the imposition of property tax on Monday. Spokesman, Giorgos Loucaides stated that that the specific way of property taxing "belongs to Anastasiades’...
26/08/2013
Five memorandum bills that change the tax framework and the salaries in the public sector will be led to the plenary on Thursday. They are bills that provide for an increase in the corporate tax...
16/04/2013
French Finance Minister Pierre Moscovici said that Cyprus needs to decide what it wants and that euro area governments have already offered the nation enough help. “The government of Cyprus needs...
21/03/2013
Professionals of the international services believe that the increase in corporate tax from 10% to 12.5% is a bad retreat. The accountants see with caution the increase in the tax, but consider it...
13/03/2013