The House Financial and Budgetary Affairs Committee approved on Monday the appointment of Yiannakis Lazarou and Yiannis Tsaggarides to the post of the Commissioner of Taxation and the Assistant...
The negotiations between Cyprus and India for the revision of the double taxation avoidance agreement and the regulation of tax issues that emerged in the past year are still in progress, despite...
23/09/2014
All companies, organizations and individuals, either residing in Cyprus or abroad, who had immovable property registered in their name in Cyprus as at 1.1.2014, are subject to Immovable Property Tax(...
28/07/2014
The Inland Revenue Department (IRD) has announced that its income in January and February this year dropped by 8% or 27.30 million euro compared to 2013 figures. According to data released Friday by...
07/04/2014
Cyprus and Norway have signed an Agreement on the Avoidance of Double Taxation and the Prevention of Tax Evasion, concerning Income Taxes, as well as a relevant Protocol. The Agreement was signed on...
25/02/2014
Inland Revenue Department of Cyprus faces a problem of more than 5,500 undelivered summonses and calls for law amendment in order to speed up the process of arranging uncollected debts. The issue...
23/01/2014
As of Monday the value added tax (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...
13/01/2014
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...
09/01/2014
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