Tax reform to benefit generations to come, says Keravnos
The six bills that make up the governmentâs tax reform were presented to MPs at the House finance committee on Friday, with Finance Minister Makis Keravnos describing the package ...
Finance minister confident tax reform will take effect in 2026
The finance minister said on Thursday he is âconfidentâ that the government and parliament will work together to push through the tax reform so that the new system takes effect ...
Our View: MPs are answerable to the public, should not rush tax reform bills
It is astonishing that even before the council of ministers, on Wednesday, approved the six amendment bills that have been labelled, rather liberally, âtax reformâ, President Nikos Christodoulides called on ...
Tax reform will ensure âfairer distribution of wealthâ
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 ...
Christodoulides calls for âimmediateâ response from MPs to pass tax reform
President Nikos Christodoulides on Wednesday called for an âimmediateâ response from parliament to pass his tax reform plans into law, to allow them to be implemented by the beginning of ...
Tax reform will see families benefit by âŹ150 million a year
Middle-class families will benefit from tax exemptions of up to âŹ150 million a year under the overhauled tax system, the finance minister said on Monday.
News outlet Stockwatch published a written ...
Tax reform bills to be submitted to parliament ânext month at the latestâ
Bills which will bring about sweeping reforms to Cyprusâ tax regime will be submitted to parliament next month at the latest, Finance Minister Makis Keravnos said on Monday.
Addressing the ...
Planned tax reform âon scheduleâ says minister
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 ...
Keravnos âoptimisticâ over tax reform plans
Finance Minister Makis Keravnos on Monday night said he was optimistic over the governmentâs plans to implement sweeping tax reforms, following a meeting with political party leaders.
âWe can ...
Objections could overturn tax reform
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 ...
A more regressive tax system
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 ...
â60 per cent of people will not pay taxâ
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 ...
Keravnosâ threat: I will scrap tax reform plans if House makes âtoo manyâ amendments
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 dayâ...
Proposed tax reform is blatantly unfair
President Nikos Christodoulides has stated repeatedly that the proposed tax reform will âaim at reducing the tax burden on families and working people, modernising the economy, and encouraging competitivenessâ.
However, ...
Tax reform bills expected to take effect in January 2026
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 ...
âNo delaysâ: president insists tax reform will begin in 2026
President Nikos Christodoulides on Tuesday clarified that Cyprusâ new tax reform will come into force without delay on January 1, 2026, describing the implementation date as final and non-negotiable.
Speaking during a ...
Keravnos calls for tax reform to be implemented by autumn
Finance Minister Makis Keravnos on Thursday called for the governmentâs tax reform plans to be complete by autumn.
He said he has received âpositive reactionsâ to Wednesdayâs announcement ...
Parties mixed in response to tax reform plans
Cyprusâ political parties issued mixed responses to tax reform plans announced by President Nikos Christodoulides on Wednesday.
Disy, Cyprusâ largest party, said the plans contain âelements which satisfy usâ but ...
Tax reforms âstep in the right directionâ, say OEV, Keve
The employers and industrialistsâ union (OEV) and the Cyprus chamber of commerce and industry (Keve) have welcomed the tax reforms proposed by the government on Wednesday, saying they were a ...
Plans for tax-free income threshold to rise to âŹ20,500
Cyprusâ tax-free income threshold is set to rise to âŹ20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.
The plans ...
Urgent need for decent tax reform and administration
The current Cyprus government is failing in addressing interrelated key economic, social and environmental issues as well as corruption by not implementing rational reforms and measures.
It is just resorting ...
Employers and industrialists federation fully supports tax reform
By Antonis Antoniou
The tax environment is a factor of particular importance in shaping the competitiveness of any country. And in countries like Cyprus, with limited natural resources and relying ...
Coming tax reform will include carbon and fossil fuel levies, Petrides says (Updated)
The government plans to go ahead with taxation reform after 20 years, including raising the corporation rate and introducing carbon tax and fossil fuels taxes to achieve the countryâs environmental ...