#tax reform

The government is “willing to accept some increase” in the income tax-free threshold from its initially planned figure of €20,500 per year, Finance Minister Makis Keravnos said on Tuesday. Speaking after ...

Finance Minister Makis Keravnos on Monday said he will submit amendments to the government’s tax reform bills to parliament on Tuesday as he appeared in front of the House ...

Members of the House of Representatives should not rush to approve the questionable ‘tax reform’ proposed by the government. This is because its contents are largely not compatible with achieving ...

MPs literally have their work cut out for them as the clock winds down on the calendar year, before the end of which the government expects them to have passed ...

The House finance committee is “approaching the end” of its debate regarding the government’s sweeping tax reform proposals, committee chairwoman and Diko MP Christiana Erotokritou said on Friday, describing ...

Major disagreements came to the fore in parliament on Monday, as MPs and interest groups continued debating six government bills comprising the proposed tax reform. One point of contention relates ...

As if to underline its skill at presentation and marketing, the government has repeatedly referred to its proposed reform of the tax regime as a ‘flagship project’ and as ‘emblematic ...

President Nikos Christodoulides on Sunday renewed his call for members of parliament to pass into law his proposed reforms of Cyprus’ tax regime “as soon as possible” with a view ...

Commentators have given the thumbs-down to the coming changes to the tax regime – not so much for any major errors in it, but because it falls short of the government ...

The six bills that make up the government’s tax reform were presented to MPs at the House finance committee on Friday, with Finance Minister Makis Keravnos describing the package ...

The finance minister said on Thursday he is “confident” that the government and parliament will work together to push through the tax reform so that the new system takes effect ...

It is astonishing that even before the council of ministers, on Wednesday, approved the six amendment bills that have been labelled, rather liberally, ‘tax reform’, President Nikos Christodoulides called on ...

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 ...