taxes Archives - Cyprus Mail

Trump ‘not inclined’ to release tax returns despite Congress’ deadline -White House

Reuters News ServiceApril 23, 2019April 23, 2019

By Reuters News ServiceApril 23, 2019April 23, 2019045

U.S. President Donald Trump is unlikely hand over his tax returns to lawmakers despite a Tuesday deadline facing the Treasury Department and Internal Revenue Service,

Our View

Our View: Is it any wonder we try to avoid paying tax?

CM: Our ViewJuly 1, 2018July 1, 2018

By CM: Our ViewJuly 1, 2018July 1, 201836 40

ONE of the main arguments used against those filling their cars with petrol in the north is that they are using fuel for which they

Cyprus

Tax department offers settlement in arrears

Staff ReporterDecember 14, 2017

By Staff ReporterDecember 14, 20174 32

The tax department is currently processing some 6,000 applications concerning the settlement of taxes in arrears, with the amount concerned coming to just over €190

Cyprus

Audit boss wants taxman to hand over data on politically exposed persons

Elias HazouOctober 27, 2017October 26, 2017

By Elias HazouOctober 27, 2017October 26, 201721 40

Auditor-general Odysseas Michaelides will ask the Tax Department to hand over data relating to the tax files of individuals designated as Politically Exposed Persons (PEPs).

Business

EU orders Amazon to pay back €250m in taxes to Luxembourg

Reuters News ServiceOctober 4, 2017October 4, 2017

By Reuters News ServiceOctober 4, 2017October 4, 2017120

The European Union ordered the world’s largest online retailer Amazon on Wednesday to pay back about €250m in taxes to Luxembourg, saying it was given

Cyprus

Government collects €87 million in back taxes

Elias HazouOctober 3, 2017October 3, 2017

By Elias HazouOctober 3, 2017October 3, 201710 21

The government has to date collected around €87 million from a scheme allowing the settlement of taxes in arrears. According to data cited by the

Cyprus

Peyia mayor declares war on tax cheats

Bejay BrowneFebruary 14, 2017February 14, 2017

By Bejay BrowneFebruary 14, 2017February 14, 201734 41

PEYIA council, under its new mayor, has vowed to claw back millions of euros in back taxes owed by local businesses and homeowners. Marinos Lambrou,

Cyprus

Law passed allowing overdue taxes to be paid in instalments

George PsyllidesJanuary 27, 2017

By George PsyllidesJanuary 27, 20177 37

Parliament on Friday passed legislation affording people the opportunity to repay overdue taxes in monthly instalments. The law concerns debts to VAT, immovable property, income

Cyprus

MPs fail to ease confusion and anger over fuel prices

Elias HazouJanuary 15, 2017January 15, 2017

By Elias HazouJanuary 15, 2017January 15, 201716 30

By Elias Hazou Parliament intends to draft a bill forcing fuel importers to immediately disclose the cost of their shipments, thus shedding light on their

Cyprus

Warning of new economic ‘crash and burn’

Stelios OrphanidesOctober 20, 2016October 20, 2016

By Stelios OrphanidesOctober 20, 2016October 20, 201621 38

By Stelios Orphanides and George Psyllides OVERLY optimistic long-term budget forecasts could lead to a new bailout, the fiscal watchdog said on Wednesday, warning that

News in Brief

Woman fined over €3,000 for possession of illegal tobacco

FORMER STAFFJuly 19, 2016November 28, 2016

By FORMER STAFFJuly 19, 2016November 28, 201611 103

Authorities on Monday confiscated 11.5 kilos of tobacco located in the house of a woman in Nicosia and for which was believed no tax had

World

Trump says taxes for the wealthy should go up

FORMER STAFFMay 8, 2016November 9, 2016

By FORMER STAFFMay 8, 2016November 9, 20167 22

Donald Trump said on Sunday that taxes for the wealthy should go up but that his tax plans would likely be renegotiated with Congress should

Cyprus

E-government to be integral by 2020

Andria KadesMay 6, 2016May 5, 2016

By Andria KadesMay 6, 2016May 5, 20164 20

BY 2020, Cyprus wants to have the digital world become integral in the public’s use of government services making more available to citizens online.

Cyprus

End nears for tax cheats

Elias HazouJanuary 12, 2016February 9, 2016

By Elias HazouJanuary 12, 2016February 9, 201636 35

By Elias Hazou The government aims to turn the screws on tax delinquents this year as well as those who have escaped the taxman’s radar,

Cyprus

‘Lagarde List’ accounts face €35mln in taxes (updated)

George PsyllidesJanuary 12, 2016February 9, 2016

By George PsyllidesJanuary 12, 2016February 9, 201613 16

Some €35mln in taxes have been imposed on undeclared deposits in 85 Swiss bank accounts included in the so-called Lagarde List, Finance Minister Harris Georgiades

Cyprus

Georgiades lays out ‘lessons from the crisis’ in New Year message

Jean ChristouJanuary 3, 2016January 4, 2016

By Jean ChristouJanuary 3, 2016January 4, 201668 27

Finance Minister Harris Georgiades said in an article on Sunday that as Cyprus would in three months or so be exiting its bailout programme, it

Cyprus

Auditor-general’s report details a year of rampant graft

Elias HazouDecember 7, 2015February 9, 2016

By Elias HazouDecember 7, 2015February 9, 201636 28

By Elias Hazou Rampant waste and dealings highly suggestive of corrupt practices are the highlights of the state’s report card for 2014. In his annual

Cyprus

€1m in dodged taxes already taken from ‘Lagarde List’ accounts

Jean ChristouDecember 3, 2015

By Jean ChristouDecember 3, 201519 17

By Angelos Anastasiou About €1 million in previously unpaid taxes has already been seized from bank accounts by the Taxation Department, and undeclared deposits found

Cyprus

Tax cuts possible next year

George PsyllidesOctober 19, 2015

By George PsyllidesOctober 19, 20159 14

The government could cut taxes next year if the economy continued to strengthen, Finance Minister Harris Georgiades said on Monday. However, no cuts would be

World

Germany’s Merkel rules out tax rises to pay for refugees

Jean ChristouOctober 11, 2015

By Jean ChristouOctober 11, 20152 11

German Chancellor Angela Merkel on Sunday ruled out tax increases to help deal with the biggest influx of refugees since World War Two. “We can