At the joint meeting held in Parliament on Thursday, the House Finance and European Affairs Committees decided to impose a 5% VAT on the purchase of first residence with a possible future increase to...
The bill on the property transfer duties prepared by the Land Registry Department is currently before the Interior Minister, Andreas Christou and the Finance Minister, Marcos Kyprianou, Manager of...
The upward boom of the property market contributed heavily to the increased revenues of the Income Tax for the first quarter of 2004. According to Internal Revenue Department data, they stood at £14...
The Annan Plan submitted by the UN Secretary General will improve competitiveness in the Cyprus economy. Specifically, the cost of the overnight stays in Cyprus hotels will become significantly...
The approval of the bill on the tax amnesty of the secret accounts has been postponed, StockWatch sources revealed on Friday. The bill which was in the agenda of the House of Representatives today...
The amendment of the legislation according to which the Inland Revenue Department Manager is able to settle the tax liabilities at his own discretion has relieved hundreds of investors who have not...
The introduction of a record in the Central Bank including the banking accounts of all Cypriots in the commercial banks or the cooperatives is a “fishing exercise”, Personal Data Commissioner, Yioula...
According to the relevant provision of the Law on the tax amnesty of the secret accounts, secret account holders are not required to present themselves in person for the issue of a tax exemption...
Amid raising concerns with regard to the market stagnation and the uncertainty on the solution of the Cyprus issue, the House Finance Committee will meet on Monday to discuss the partial lifting of...
The cash that have flown into the state funds from the tax liabilities of the profits from the CSE transactions in 1999 amount to £10 million, StockWatch sources revealed on Wednesday. This sum has...