Cyprus Council of Ministers approved on Wednesday the reduction of the immovable property tax rate by 50% and abolished the immovable property tax collected by municipalities and communities. “Today...
The Republic of Cyprus and the Government of the Republic of Latvia signed in Brussels on Wednesday the Treaty for the Avoidance of Double Taxation on Income. The Treaty was signed by the Minister...
25/05/2016
The revenues of the four biggest audit firms in Cyprus recorded a slight increase in 2015 due to the rapid growth of their consulting services. Increased demand for consulting services by banks has...
06/05/2016
Cyprus is on the right track to comply with transparency and tax compliance decisions taken both on an EU and OECD level as well, Alain Lamassoure, Chairman of the European Parliament`s Special...
18/04/2016
Deutsche Bank AG is severing ties with the Cypriot lender partly owned by VTB Group that was identified in a media report as arranging as much as $2 billion in offshore transactions linked to...
11/04/2016
The new proposal of the European Commission to tackle fraud in the EU, does not affect and is not in conflict with the policy of low tax rates, as in the case of Cyprus, which will not be pressed by...
28/01/2016
The tax department decided the freezing of the process of sending letters relating to the taxing by 30% of the contributions to various social funds amid reactions from employers and trade unions....
22/01/2016
Taxation on employers’ contributions to social funds for workers is described as a ‘’casus beli’’ for both workers and employers. Following the decision of the tax department to send tax returns to...
20/01/2016
Interior Minister Socrates Hasikos made it clear that there will be no escape from the obligation to pay tax on real estate property. He noted that not only will they pay the tax but they will also...
14/01/2016
Thousands of people will go through the examination of the origins of their wealth according to the intentions of the parliamentary committee on legal issues which continued the discussion of the...
13/01/2016