Tax scheme to attract high earners to Cyprus
The Tax Department said on Tuesday that an amending law providing for income tax exemptions for non-residents of Cyprus has come into effect, and that the relevant tax form would ...
Our View: Change of economic tune is necessary
It was encouraging to hear Finance Minister Makis Keravnos defending the government’s decision to end the subsidy of all electricity bills and the reduction of the consumer tax on ...
Inland Revenue warns taxpayers to ignore scam message that may look legit
Inland Revenue warned on Saturday that electronic messages are circulating with the government domain @gov.cy purporting to be from the tax office and requesting banking information from recipients “in ...
Tax deadlines pushed back as new online system opens
The new online tax payment system Tax For All went live on Monday, replacing the old Taxisnet system.
To allow users to familiarise with the new system, the tax department ...
New tax payment site to go online next week
New online tax payment system Tax For All will launch on March 27, replacing Taxisnet, the tax department said on Monday.
Speaking to state broadcaster CyBC on Monday, Tax Commissioner Sotiris ...
Tax on Turkish Cypriot salaries for earthquake relief scrapped
The ‘government’ in the north on Tuesday officially repealed a decree to tax people’s salaries to provide earthquake relief to Turkey.
According Yeni Duzen, the official decision of the ‘...
Russia added to non-cooperative tax jurisdictions list
The European Union on Tuesday announced that it had added the British Virgin Islands, Costa Rica, Marshall Islands and Russia to its list of non-cooperative jurisdictions for tax purposes.
This ...
Second-hand jewellery sales to be taxed
Lawmakers on Monday began discussion of a bill seeking to tax the sale of second-hand jewellery and precious metals.
In recent years, particularly in the wake of the 2013 financial crash, ...
Cyprus’ land and properties evaluated at €186 billion
The land and surveys department on Thursday published its new evaluations for January 1, 2021, covering a total of 1,660,048 properties — 25,102 or 1.5 per cent more than the 2018 survey.
The total value of the ...
Outrage over price hikes in north, higher taxes for booze and cigs
Supermarkets in the north were emptied of alcohol after news hit of a big price hike to be slapped on them through increased taxation.
Some shop owners pre-emptively took bottles ...
House approves petrol tax cut by seven cents a litre (Update 2)
Parliament on Thursday passed a law cutting tax on petrol and diesel by seven cents a litre, as the finance minister announced an extension on the period for reduced VAT ...
‘No turning back’ on tax reform
‘There is no turning back’ but no changes likely next year
The carbon tax, increased taxation on fossil fuels and ‘green rates’ which the finance minister warned of when presenting ...
Petrides in push to increase tax office’s efficiency
Finance Minister Constantinos Petrides on Wednesday said it was very important to increase the tax department’s efficiency, citing its role as a source of funding for the state’s ...
Finance Minister says G7 minimum tax agreement does not affect Cyprus (Updated)
The G7 agreement on corporate minimum taxation does not appear to affect Cyprus, which plans to hold a constructive stance during discussions but at the same time secure its interests, ...
Law passed levying 0.4% on all immovable property sales
The House of Representatives on Thursday passed a law levying a 0.4 per cent tax on all sales of immovable property, the proceeds of which to go toward supporting Greek Cypriot ...