The Council of Ministers approved on Wednesday an increase of 1% in the salaries of the public employees and the pensions of the pensioners in the public sector. VAT The Council of Ministers also...
The European Commission proposed on Monday the gradual abolition of capital duty by 2010. Capital duty is an indirect tax levied on contributions of capital for capital companies and restructuring...
After the recent review of the car taxes in Cyprus, the Economic Research Unit of the University of Cyprus recommended a slightly different tax system. According to the Unit, this system will amend...
During the talks on the State Budget 2007 in the presence of Finance Minister, Michalis Sarris, the House Finance Committee raised once again the increase in the untaxable income level from £10...
The Cyprus and Israeli governments are expected to sign an agreement for the avoidance of double taxation in summer. In his statements to StockWatch, CCCI Chairman, Manthos Mavromatis said that...
“Our tax system needs a “freshening up” to relieve the salary-paid employees and to impose additional taxes on wealth and profits”, AKEL MP, Stavros Evagorou stated. In his interview to StockWatch...
PEO demanded by the government on Wednesday to take offsetting measures after the increase in the VAT ratio on food, medicine, restaurants and land from 1/1/2008. In its announcement released...
DISY Deputy Chairman, Lefteris Christoforou, stressed the need on Monday to increase the untaxable income level for the wage earners, since they are burdened the price increases and the expensiveness...
The VAT revenues continued their upward trend in November 2005. According to official data released recently, VAT revenues in November recorded an increase of 10% to £52.8 million against £48...
The Inland Revenue Department revenues for the first 11 months of 2005 recorded an increase of 8.9%. According to IRD data released on Tuesday, the extraordinary contributions for defense and the...