MPs clash over content and timing of sweeping tax reform
Strong disagreements with aspects of the government’s proposed tax reform came to the fore on Monday, as parliamentarians were again urged to vote through the legislation by year’s ...
Britons in Cyprus and inheritance tax
Thousands of Britons have settled in Cyprus, drawn by the sun, the quality of life, and a familiar legal system. Yet behind the idyllic lifestyle lies a complex web of ...
Christodoulides renews call for MPs to pass tax reforms ‘as soon as possible’
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 ...
Maintenance work on the Tax For All online system
The tax department on Friday announced planned maintenance work on the Tax For All online system, which may cause temporary service interruptions on specific dates and times.
According to the ...
Taxpayers given new extension for tax forms
Taxpayers have been given a further fortnight to fill in their tax forms, with the deadline for 2024 now being October 15, senior tax officer Irene Ioannou said on Tuesday.
The decision ...
Tax revenues surge but arrears remain high
Overall tax revenues have risen considerably over the last few years, although tax arrears continue to be high, MPs heard on Thursday.
The House audit committee was discussing the auditor-general’...
Tax reform ‘headed in right direction’
The Federation of Employers and Industrialists (OEV) on Monday spoke of a “convergence” with tax authorities on the planned tax reform, adding that the blueprint as a whole “is headed ...
Tax For All now accessible via CY Login
Access to the Tax For All (TFA) system will be possible via CY Login service (formerly Ariadne), as of Friday, 22/08/2025, the tax department said on Wednesday.
Users who already have ...
Nicosia residents to pay new rainwater tax
Residents of the Nicosia district are to pay a new rainwater tax, district governor Constantinos Yiorkadjis said on Wednesday, describing the tax as “necessary”.
Speaking to the Cyprus News Agency, ...
Government to tax early retirement payouts in major reform push
Payoffs for employees taking early or voluntary retirement will be subject to income tax under a sweeping reform plan, the government announced on Tuesday.
The draft legislation, part of a ...
Tax department systems to go offline for upgrade
The department of taxation’s online systems are set for a temporary shutdown in the coming days as part of a planned technology upgrade.
In an official statement, officials confirmed ...
Trump’s sweeping tax-cut, spending bill clears first US Senate hurdle
The Republican-controlled U.S. Senate narrowly advanced President Donald Trump’s, sweeping tax–cut and spending bill on Saturday, during a marathon weekend session marked by political drama, division and ...
Tax dept ‘putting final touches’ on tax reform bills
The tax department is “putting the final touches” on bills which, if passed into law, will bring about sweeping changes to Cyprus’ tax system, according to reports on Friday.
The ...
Trump tax bill to leave 10.9 million more uninsured, says CBO
The nonpartisan Congressional Budget Office on Wednesday projected that President Donald Trump’s tax-cut bill, as passed by the U.S. House of Representatives, would increase the number of uninsured ...
Green taxes still under discussion with EU, says Letymbiotis
Two green taxes remain under discussion with the EU, both in terms of content and compensatory measures, government spokesman Konstantinos Letymbiotis said on Tuesday.
He added that the final proposal ...
Christodoulides: Football clubs can rejoin tax plan if they cover missed payments
Football clubs which owe money to the state in the form of unpaid taxes can re-enter the government’s tax repayment plan if they can pay the instalments they missed, ...
Football clubs receive further tax reprieve
Football clubs that owe the state millions in tax have apparently received a new reprieve until the end of April to repay part of their debts, reports said on Tuesday.
...
Football clubs offer to pay a third of tax debt immediately
Five football clubs on Wednesday offered to pay a third of the tax debt they owe to the government immediately.
The proposal was made by Ael, Apoel, Apollon, Anorthosis and ...
Football club in court over social insurance payments
A Nicosia football club will be facing trial this week over the non-payment of €2.3 million in social insurance contributions, it emerged on Monday.
It is apparently the first such trial ...
Management of Cyprus economy impoverishing many households
In managing the Cyprus economy, decision-makers focus on real GDP growth and whether the government is generating surpluses. Indeed, government officials backed by the European Commission, the IMF and numerous ...
Cyprus and Kyrgyzstan conclude negotiations on a Double Taxation treaty
Cyprus and Kyrgyzstan successfully concluded negotiations over a Treaty for the Elimination of Double Taxation with respect to taxes on income and the prevention of tax evasion and tax avoidance, ...
Water carbon tax to be around one cent per 1,000 litres
A carbon tax on water of one cent per cubic metre is to be imposed on consumers as part of the green taxes due to come into effect soon, the ...
‘A very big and increasing presence of Israeli businesses in Cyprus’
In response to the ongoing investigation by the Israel Tax Authority (ITA) into Israeli assets in Cyprus, officials from Cyprus’ finance ministry and accounting associations have both acknowledged that the ...
Israel homing in on citizens doing business in Cyprus
The Israel Tax Authority (ITA) has initiated a comprehensive operation aimed at identifying assets, income and companies owned by Israeli nationals in Cyprus that should be subject to Israeli taxation, ...