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...
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
The Cyprus Council of Ministers approved a Finance Ministry decree for the mandatory use of credit cards by retail trade shops which are also obliged to notify consumers in clear manner.A press...
17/06/2021
The Republic of Cyprus and the Kingdom of the Netherlands signed on Tuesday in Nicosia the Convention for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax...
02/06/2021
The Protocol for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital was signed today February 19, 2021 in Nicosia between the Government of the Republic of Cyprus and the...
19/02/2021