More than 160,000 middle-class taxpayers will benefit from tax cuts approved by parliament yesterday, with families saving between €500 and…
Halloumi exports to Australia blocked as Cyprus challenges foot-and-mouth trade ban
Australia’s Agriculture, Fisheries and Forestry Ministry has officially removed Cyprus from its list of foot-and-mouth disease-free countries, placing commercial food…
Tax reform: What changes for individuals and businesses in Cyprus
Cyprus has approved a tax reform that will raise the corporate tax rate to 15% whilst cutting the personal tax…
Cost of Christmas dinner for low-income families rises 9%
Low-income households in Cyprus face a 9% increase in the cost of their Christmas meal this year, even as the…
Cyprus wage inequality surges as 11% of GDP leaks abroad
Wage inequality in Cyprus is widening as the benefits of economic growth fail to reach the majority of the workforce,…
Landmark tax reform passes: Cyprus slashes family taxes and hikes corporate floor to 15%
The parliament today approved the first comprehensive overhaul of the Cyprus tax system since 2002, marking a pivot toward a…
Cyprus tax reform: What changes for families, businesses and taxpayers
Parliament approved a sweeping tax overhaul today, the island’s first comprehensive reform in 23 years, raising corporate taxes whilst expanding…
Australian halloumi at risk as Canberra bans Cyprus food imports over foot and mouth outbreak
Trade relations between Cyprus and Australia have entered an emergency state after Canberra removed the island from its list of…
Cyprus corporate tax jumps to 15% as parliament set to approve first major overhaul in 23 years
Cyprus will raise its corporate tax rate to 15% from 12.5% under a landmark reform package parliament is expected to…
DIKO leader blasts government inertia over Great Sea Interconnector
A deepening rift has opened between President Nikos Christodoulides and his key coalition partner, DIKO leader Nicolas Papadopoulos. The friction…