Cyprus’ new personal taxation regime
The Cypriot tax landscape has undergone a significant recalibration following the entry into force of a broad package of fiscal reforms, effective as from the January 1, 2026. Although a considerable part ...
Italy’s tax evasion worse than thought, began rising after years of declines
Italy’s chronic tax evasion started to rise again four years ago after years of declines, and has been worse than thought, the latest government data showed on Monday.
Tax ...
‘Shadow economy’ at 25 per cent of GDP, says ministry
The ‘shadow economy’ in Cyprus accounts for about a quarter of Gross Domestic Product, the finance ministry said on Tuesday as it stressed that the upcoming overhaul of the tax ...
Front companies in Cyprus embroiled in money laundering, say Greek police
A cross-border tax evasion and money laundering scheme involving Greece, Cyprus and Slovakia has led to the arrest of 21 people, Greek police said on Monday.
Greece’s police said the ...
Italy court clears Maradona of tax evasion years after his death
Italy’s highest court cleared the late Agentine soccer legend Diego Maradona of tax evasion charges, ending a 30-year-long legal battle between the ex-Napoli striker and revenue authorities.
Known as “...
Cyprus: the price of abuse of political power
It hurts the economy, society and the environment
Under the democratic system of Cyprus the executive and legislative branches of government are elected by the people to serve the people. ...
Cabinet member under investigation for tax evasion
Meanwhile, the House ethics committee on Wednesday discussed a revamp of the ‘sources of wealth’ legislation for state officials, in the hope of widening its scope and including judges.
MPs ...
A quarter of sports clubs may be tax evaders, MPs hear
As many as one in four sports clubs – such as martial arts clubs – are tax evaders and potentially susceptible to money-laundering activities, MPs heard on Thursday.
The reveal was made ...
Gesy will collapse unless action taken says finance minister
Gesy contributions will need to go up by 20 to 30 per cent unless procedures change
Sparks flew in parliament on Thursday during a debate on the state of Gesy – the national ...
Our View: Doctor accused of cheating Gesy underlines lack of oversight
It hasn’t been a great month so far for the reputation of the health scheme Gesy, but whatever operational weaknesses the system might have, they pale in comparison to ...
Finance Minister turns tables on Gesy supervisor over understaffing and doctors’ pay
The Health Insurance Organisation (HIO) cannot claim understaffing when it has not yet filled all its vacancies, Finance Minister Constantinos Petrides said after a cabinet meeting on Wednesday.
Amid complaints ...
Compulsory card payment change worries small businesses
Although a positive move, making card payments a compulsory transaction option might create a number of issues for smaller shop owners, their union Povek said on Monday.
As of Sunday, ...
Germany buys Dubai data to track possible tax evasion
Germany has bought a trove of data that could help treasury officials track down possible tax evasion by wealthy German citizens, Finance Minister Olaf Scholz said on Friday.
“The data ...