#tax reform

The cooperation of everyone is needed to implement tax reform as of January 1, President Nikos Christodoulides said on Sunday, adding that any delay would be to the detriment of improving ...

President Nikos Christodoulides on Wednesday called for an “immediate” response from parliament to pass his tax reform plans into law, to allow them to be implemented by the beginning of ...

Middle-class families will benefit from tax exemptions of up to €150 million a year under the overhauled tax system, the finance minister said on Monday. News outlet Stockwatch published a written ...

Bills which will bring about sweeping reforms to Cyprus’ tax regime will be submitted to parliament next month at the latest, Finance Minister Makis Keravnos said on Monday. Addressing the ...

Both Finance Minister Makis Keravnos and the organisation representing employers and industrialists expressed confidence on Tuesday that the roadmap for the planned tax reform is on schedule. The planned tax ...

Finance Minister Makis Keravnos on Monday night said he was optimistic over the government’s plans to implement sweeping tax reforms, following a meeting with political party leaders. “We can ...

Lawyers and accountants have filed a torrent of objections to the proposed tax reform which, were their suggestions to be adopted, would upend the government blueprint. They filed their comments ...

There are three main criticisms of the proposed tax reform. First, it is not directed at meeting the medium to longer-term government revenue and expenditure needs of Cyprus and is ...

A total of 60 per cent of people will not pay tax according to the tax reform put forward by the government, Finance Minister Makis Keravnos said on Sunday. This is ...

Finance Minister Makis Keravnos on Wednesday threatened to scrap his tax reform plans in their entirety if parliament makes too many amendments to the current plans. Speaking after the day’...

President Nikos Christodoulides has stated repeatedly that the proposed tax reform will “aim at reducing the tax burden on families and working people, modernising the economy, and encouraging competitiveness”. However, ...

Tax reform bills are in their final stages of preparation, with the government aiming to implement them on January 1, 2026, Finance Minister Makis Keravnos told political parties on Thursday. Keravnos briefed ...

President Nikos Christodoulides on Tuesday clarified that Cyprus’ new tax reform will come into force without delay on January 1, 2026, describing the implementation date as final and non-negotiable. Speaking during a ...

Finance Minister Makis Keravnos on Thursday called for the government’s tax reform plans to be complete by autumn. He said he has received “positive reactions” to Wednesday’s announcement ...

Cyprus’ political parties issued mixed responses to tax reform plans announced by President Nikos Christodoulides on Wednesday. Disy, Cyprus’ largest party, said the plans contain “elements which satisfy us” but ...

The employers and industrialists’ union (OEV) and the Cyprus chamber of commerce and industry (Keve) have welcomed the tax reforms proposed by the government on Wednesday, saying they were a ...

Cyprus’ tax-free income threshold is set to rise to €20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday. The plans ...

The current Cyprus government is failing in addressing interrelated key economic, social and environmental issues as well as corruption by not implementing rational reforms and measures. It is just resorting ...

By Antonis Antoniou The tax environment is a factor of particular importance in shaping the competitiveness of any country. And in countries like Cyprus, with limited natural resources and relying ...

The government plans to go ahead with taxation reform after 20 years, including raising the corporation rate and introducing carbon tax and fossil fuels taxes to achieve the country’s environmental ...