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61. Football and Money Laundering

It has been identified years back at European and global level, that sports and especially football is being used by criminals to launder dirty money and derive illegal income...

62. Overtaxation led to tax evasion

Losses incurred by the state coffers due to tax evasion in 2014-17 were greater than the value-added tax revenue increase as a result of consecutive tax hikes, according to a European Commission report on the so-called VAT deficit (the difference between the expected VAT revenues and actual collections)...

63. Extradition flop cases back in the spotlight

A number of legal ‘faux pas’ in failed extraditions have reappeared in the local press, including that of an alleged mystery spy, following the failure of Cypriot authorities to extradite a Kurdish man wanted by Germany on terrorism-related charges...

64. Cyprus and Kazakhstan sign double taxation avoidance agreement

65. Kenyan tycoon with Cypriot passport files lawsuit

A Kenyan business tycoon who also holds a Cypriot passport is suing authorities in his native country alleging he is being prosecuted unfairly for not disclosing his dual citizenship...

66. European Parliament report accuses seven countries, including Cyprus, of acting as tax havens

The European Parliament urged EU member states on Tuesday to curb money-laundering in the bloc by ending programs to sell visas and passports, a step the multi-billion-dollar industry said would cause economic damage....

67. Checking of Greeks cash abroad begins

The tax administration now has data concerning Greeks with deposits, dividends, shares and real estate abroad over the last couple of years, in the context of the automatic exchange of information....

68. Man busted in illicit tobacco trade

A man in Limassol has been arrested on charges of illicit tobacco trade, when cops discovered close to a thousand packets of cigarettes in his van...

69. Cyprus Tax Webcast, January 2019

Watch the new Deloitte Tax Webcast for January 2019 presented by Mr. Pieris Markou, Deloitte Tax & Legal Services Leader...

70. Transparent rules for all on EU citizenship Katainen says

71. Anastasiades: Cyprus unfairly targeted by EU over citizenship scheme

72. President reminds doctors of Hippocratic Oath

The president is calling on private doctors who exaggerate on their demands to “come down to earth” and join health reform, as public good should come ahead of private wealth...

73. Hellenic Bank’s Economic Review

74. There is no economic bubble says Finance Minister

75. Tax declaration to become obligatory irrespective of income

76. Bosnian man to be extradited to Belgium

Cyprus police arrested a foreign national on Wednesday as part of a secret international operation against fraud and match-fixing in European football...

77. Airbnb complies with EU demands

Airbnb online platform has complied with EU demands aimed at curbing anti-competitive practices, following pressure and hefty fines handed down to a number of companies...

78. Cyprus Airbnb bill gives neighbors a say

A nearly-complete Airbnb bill is heading back to the House committee, where a number of issues including tax exemptions and apartment rentals will need further clarification...

79. Shadows loom over government’s ‘clean exit’ scenario

Greece’s bailout exit has been eliciting condescending and bitter commentary on the country’s beaches and in its near-deserted cities, as few Greeks believes their lives are going to improve or that the country’s prospects will be akin to those of other bailed-out eurozone states. Greece’s “return to normalcy” and “clean exit,” much touted by the government, appear to be happening somewhere else....

80. EU warns Airbnb over unfair practices

Cyprus hoteliers got a helping hand this week in their fight for more restrictions on Airbnb, following a European Union warning to the American platform to improve its practices or face action by national consumer agencies...

81. Spanish police detain, then release Kremlin critic Browder

British businessman Bill Browder, a prominent Kremlin critic, was detained and then released by Spanish police on Wednesday, after a warrant for his arrest he said came from Russia was found to be no longer valid...

82. Legislation in the works to tax Airbnb rentals in Cyprus

Home owners who rent out their properties through Airbnb will have to pay taxes if a new law is passed in the Republic of Cyprus, but this may not be enough for tourism stakeholders who have been calling for more restrictions on the online service....

83. Cyprus and UK sign new treaty for double taxation avoidance

For the Cyprus government, the expansion of economic relations with the United Kingdom is a top priority...