Cyprus’ overall tax-to-GDP ratio at 33.8 per cent, lower than EU average
The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of Gross Domestic Product (GDP), stood at 33.8 per...
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Hoteliers ask for tax exemptions over Thomas Cook
Hoteliers want to be exempted from paying taxes on invoices, which will not be paid following the collapse of tour operator Thomas Cook, it emerged...
Trump ‘not inclined’ to release tax returns despite Congress’ deadline -White House
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: Is it any wonder we try to avoid paying tax?
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...
Tax department offers settlement in arrears
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...
Audit boss wants taxman to hand over data on politically exposed persons
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)....
EU orders Amazon to pay back €250m in taxes to Luxembourg
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...
Government collects €87 million in back taxes
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...
Peyia mayor declares war on tax cheats
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,...
Law passed allowing overdue taxes to be paid in instalments
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...
MPs fail to ease confusion and anger over fuel prices
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...
Warning of new economic ‘crash and burn’
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...
Woman fined over €3,000 for possession of illegal tobacco
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...
Trump says taxes for the wealthy should go up
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...
E-government to be integral by 2020
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....
End nears for tax cheats
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,...
‘Lagarde List’ accounts face €35mln in taxes (updated)
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...
Georgiades lays out ‘lessons from the crisis’ in New Year message
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...
Auditor-general’s report details a year of rampant graft
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...
€1m in dodged taxes already taken from ‘Lagarde List’ accounts
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...
