Tax department has the tools to address sources of wealth of politically exposed persons
Open letter to the Commissioner of Taxation By Christos P. Panayiotides and Nicos G. Syrimis Dear Mr Georgios Panteli, A major problem has confronted Cyprus...
taxation
EU tightens the screws on shell companies
The European Union and the Executive Vice-President for an Economy that Works for People Valdis Dombrovskis launched an initiative this week to further restrict tax...
US Treasury Secretary Janet Yellen pushes for a global minimum tax
US Treasury Secretary Janet Yellen has thrown the weight of the U.S. government behind a push for a global corporate minimum tax rate, possibly carving a path...
Russia initiates scrapping of taxation deal with Cyprus (updated)
By Elias Hazou and Philippe Orphanides Russia’s finance ministry said Monday it would initiate a process to scrap an agreement with Cyprus aimed at avoiding...
Law passed to regulate Airbnb rentals
The owners of self-catering accommodation with services such as Airbnb will now have to register with the state under a new law passed by the...
Green taxes could be introduced by 2021
Green taxes are expected to be introduced in 2021, Finance Minister Harris Georgiades said on Thursday on the sidelines of the three-day Global Conference on...
EU Council favours more tax transparency in Europe
By Stelios Orphanides The Council of the European Union, a policy coordinating body comprised of ministers of member states, said that it is in favour...
EU takes aim at multinationals’ multi-billion tax avoidance
By Francesco Guarascio The European Commission proposed on Thursday allowing EU countries to tax corporate profits at home in some circumstances even if the money...
Reform to make tax ‘fair, more attractive and effective’
FINANCE minister Harris Georgiades yesterday outlined the main elements of tax reform bills submitted to parliament, noting that the system will become more attractive, fairer,...
IPT to be merged into one tax
By George Psyllides THE government plans to draft legislation “very soon,” integrating immovable property tax (IPT), Interior Minister Socratis Hasikos said on Thursday. The minister...
