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1. Presumption of innocence is not a political shield

The presumption of innocence has become little more than salt water for gargling in the mouths of our politicians, a convenient rinse to wash away their reluctance to rise to the occasion....

2. Phedon Phedonos: The rise, the fall and the questions in between

He is one of those political figures who simply do not fit into a neat, one-dimensional box. A strong personality open to two descriptions, as most strong personalities tend to be....

3. EU infringement package flags Cyprus for delays across food, finance and energy rules

The European Commission’s January infringements package has placed Cyprus under renewed scrutiny, with the country cited in a broad range of cases for failing to fully transpose or notify European Union legislation....

4. Labour policy and the test of leadership

The new Minister of Labour, Marinos Mousiouttas, has assumed responsibility for a critical ministry and is now tasked with managing issues that cut across the full breadth of society. He must must confront entrenched guilds and trade unionists, as well as labor organizations and employers, all of whom are deeply involved in labor-related issues....

5. Supreme Court upholds extradition of Russian national to Russia

The Supreme Court of Cyprus has dismissed an application filed by a detained Russian citizen seeking to block his extradition to the Russian Federation, where he is wanted to stand trial on large-scale tax evasion charges....

6. More tax relief for families, tougher rules for everyone else

From January 1, 2026, Cyprus will officially turn the page on how it taxes income and businesses....

7. Cyprus and Vietnam sign deal to cut tax barriers and boost business

Cyprus and Vietnam took a fresh step toward closer economic ties on Monday with the signing of an agreement aimed at avoiding double taxation and preventing tax evasion, a move both sides say will make doing business between the two countries easier and more predictable....

8. Greece targets Cyprus-linked ''mailbox'' companies for tax evasion

Greek tax authorities have launched a sweeping crackdown on thousands of businesses that have shifted their headquarters to Bulgaria, Romania and Cyprus while continuing to operate primarily in Greece....

9. Tax audits bring in nearly €30 million as MPs press for tougher checks

Cyprus’ Tax Department says it pulled in almost €30 million over the past two years after stepping up audits on companies flagged as high-risk, according to testimony before the Parliamentary Audit Committee on Friday....

10. Cyprus considers raising family income limit in major tax reform

Finance Minister Makis Keravnos said Friday he is open to raising the family income ceiling for tax deductions to €90,000 from the proposed €80,000, noting that ''the cost is not prohibitive.''...

11. At Mackenzie Beach, the party never ends and neither does the tax evasion

An internal audit has raised serious concerns over how Cyprus’s Tax Department handled suspected tax evasion at bars and restaurants along Mackenzie Beach in Larnaca, finding what officials described as a “troubling pattern of leniency” toward businesses with known irregularities....

12. Major Mackenzie venues escaped tax scrutiny despite red flags

The Audit Service has slammed the Tax Department for failing to properly check some of Larnaca’s biggest nightlife and event venues in the Mackenzie area. ...

13. September Newsletter of K. Treppides & Co Ltd – 12/09/2025

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

14. Ex-Abramovich yacht directors face €25M tax evasion trial in Cyprus

Former directors of a company tied to Russian billionaire Roman Abramovich’s superyachts are set to face trial in Cyprus over a €25 million VAT tax evasion case....

15. June Newsletter of K. Treppides & Co Ltd – 13/06/2025

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

16. Tensions erupt over Abramovich case allegations at Parliamentary Committee

Allegations of high-level political interference surrounding a multimillion-euro VAT debt linked to Russian billionaire Roman Abramovich escalated Thursday in Cyprus’ Parliament, with tensions erupting between lawmakers and investigative journalist Makarios Drousiotis....

17. FBI urges Cyprus to use digital tech in fight against financial crime

Cyprus is facing increasing pressure to overhaul its approach to financial crime and sanctions evasion, following the release of a crucial report from the FBI and the U.S. Department of Justice. ...

18. FBI delivers money laundering report on Cyprus. So what happens now?

After nine months of collaboration between the U.S. team and Cypriot authorities, the long-awaited FBI report on money laundering and sanctions evasion has finally reached the government. ...

19. March Newsletter of K. Treppides & Co Ltd - 11/03/2025

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

20. One in three short-term rental accommodations is illegal

21. Cyprus’ tax reform aiming for innovation, sustainability, and simplicity

A major tax reform is underway in Cyprus as part of the Tax Transformation Project, led by the Centre for Economic Research (CER) at the University of Cyprus. ...

22. How Abramovich evaded millions in taxes using Cyprus

A massive tax evasion scheme tied to Roman Abramovich’s superyachts has been uncovered, shedding light on how the Russian billionaire exploited Cyprus’ offshore business environment. Leaked documents reveal that from 2005 to 2012, Abramovich’s companies set up a fake yacht-leasing business in Cyprus to dodge EU taxes on his luxury vessels....

23. Mohamed Salem case: Acquitted on naturalisation charges

The Supreme Court on Thursday acquitted most of the defendants in a case involving irregularities in the Cyprus Investment Programme (CIP) related to the naturalisation of investor Mohamed Salem and his family....

24. Tobacco products worth €200,000 found hidden behind bird cages (PHOTOS)

Members of the Nicosia CID conducted a coordinated operation today between 7:00 AM and 5:00 PM....

25. Cyprus & Greece Market Overview: 2023-2024 and Projections for 2025 and Beyond

The market underwent significant changes from mid-2023 onwards due to several global and regional factors....

26. Finance Minister signs agreements on crypto and tax info sharing

Cyprus' Finance Minister, Makis Keravnos, has officially signed the Multilateral Competent Authority Agreements (MCAA) under the Global Forum of the Organization for Economic Cooperation and Development (OECD)....

27. Cyprus and Oman sign double taxation deal to boost trade and investment

The Republic of Cyprus and the Sultanate of Oman have signed a new agreement aimed at avoiding double taxation and preventing tax evasion....

28. A critical step for economic growth in Cyprus includes tax reform

Speaking at an Open Discussion Event organized by the G.R.M. Professional Training Center at the St. Raphael Resort in Limassol, under the theme “The Upcoming Tax Reform in Cyprus: Purpose, Guidelines, and Timelines,” the Minister announced that a comprehensive meeting is planned for early 2025....

29. Cyprus police enhance financial crime fighting with FBI training

Cyprus police are receiving specialized training to tackle financial crimes, including money laundering and sanctions evasion, with significant assistance from the U.S. Federal Bureau of Investigation (FBI)....

30. Cypriot society divided over Christodoulides’ high-profile visit with Biden

Last Sunday, as President Nikos Christodoulides faced internal scrutiny over his decision to address transparency in the institution's fund, managed by the First Lady, and the sudden transfer of Treasury Director General George Pantelis, an unexpected invitation made headlines....