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1. Cabinet approves tax deductions for businesses and extends tax payment deadline

The Cabinet approved several important measures on Wednesday, including a bill on tax rebates for businesses for energy upgrades, an extension of the tax payment deadline, and a suspension of the obligation to file tax returns for individuals with a taxable income below €19,500....

2. Cracking down on 'Conversion Therapies': Parties' positions and ethical concerns unveiled

Based on the voting patterns of the AKEL and DISY parliamentary groups thus far, it appears that the proposed law criminalizing "conversion therapies" will be presented to the Parliament's plenary session on Thursday, May 25th....

3. Restoring a wounded reputation

Last March, a publication by the Financial Times revealed the move of three shareholders of PWC Cyprus to resign from the audit firm and establish the company Kiteserve. ...

4. Cyprus banks' strict adherence to sanctions worries legitimate entities

Banks have become cautious regarding sanctions imposed by the USA, EU, and UK, and they are not willing to take any risk in serving individuals or entities in Cyprus who are subject to sanctions....

5. BOC Chief urges sanctioned entities to seek exemptions themselves

The CEO of the Bank of Cyprus, Panicos Nicolaou, expressed the view that individuals and entities subject to sanctions should seek exemption from international authorities in order for banks to allow payments from frozen accounts to business entities....

6. Non-compliance with US sanctions bad says CBC Governor

No impact to financial stability has been recorded so far by the US and UK sanctions against Cypriot persons and entities for assisting Russian sanctioned nationals apart from Cyprus’ credibility, Governor of the Central Bank of Cyprus Constantinos Herodotou said on Wednesday, noting that non-compliance would pose 'very negative consequences to the economy'...

7. TaxApp.cy: The easy way to submit a tax return

With TaxApp, taxpayers can easily and quickly submit their tax returns while ensuring correct submission. ...

8. 'Structural Integrity Certificates' should be made mandatory

The recent earthquakes in neighboring countries, as well as the aftershocks, felt in Cyprus, have brought to the forefront what we have been saying for years: the need to check the suitability of all our buildings on a regular basis....

9. No visa required for Qatari citizens visiting the EU

Qatari nationals are now eligible to travel to the European Union’s Schengen Zone countries without being required to apply for a visa at first....

10. Cyprus scolded for failing to transpose EU laws

The European Commission has sent letters of formal notice to Cyprus for having failed to notify national measures transposing two directives regarding road safety...

11. British business travelers being turned back from EU countries

British business travelers are being turned back from European countries for going against post-Brexit movement restrictions that will be applied more rigorously once the European Travel Information and Authorization System (ETIAS) is introduced in November next year....

12. Cyprus wants EU exemption from energy cutback

Cyprus is gearing up to request on Friday an exemption from EU measures that would call on member states to reduce their energy demand as well as cap company profits from Russian oil...

13. Cyprus' minimum wage set at 940 euros per month

The Minister of Labour and Social Insurance, Kyriakos Kousios, announced the establishment of the National Minimum Wage after the meeting of the Council of Ministers, calling it a historic day for the welfare state....

14. Germany to introduce domestic covid measures

German authorities have said that the country will introduce domestic COVID protective measures in October as they are needed for autumn and winter....

15. K. Treppides & Co Ltd: Benefits in Kind

There are a number of commercial benefits that come with registering the property in the name of a legal entity rather than as an individual e.g. for asset protection purposes as it provides protection against personal insolvency since a property that is in the name of a legal entity should not be affected should the individual becomes personally insolvent....

16. Europe agrees to compromise deal on gas rations as Russia squeezes supply

European Union governments agreed Tuesday to ration natural gas this winter to protect themselves against any further supply cuts by Russia as Moscow pursues its invasion of Ukraine....

17. Seniors in Cyprus remain skeptical of fourth shot

A spectacularly small number of people over 60 got their fourth COVID jab so far in the Republic of Cyprus, with the health ministry contemplating to lower the age threshold at a time while medical experts advocating for the vaccine are jumping ship on the immunity debate...

18. Russia defaults on foreign debt for the first time since 1918

Russia has defaulted on its foreign debt for the first time in more than a century as the country can't pay creditors due to sanctions over the war in Ukraine, according to media reports. ...

19. Europe agrees to ban 90% of Russian oil

European Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial support....

20. European unity tested as talks on Russian oil embargo drag on

Europe's united front against Moscow is being put to the test as countries struggle to agree on a ban on Russian oil imports....

21. Orban gets his way as EU bans Russian oil

The European Union on Thursday gave its final approval to new sanctions on Russian oil and top bank Sberbank, after much wrangling with Hungary, as punishment for Russian President Vladimir Putin's Feb. 24 invasion of Ukraine...

22. Leaked SC abortion ban could also apply to rape and incest victims

Twenty-two states have abortion bans that would become law almost immediately if a leaked Supreme Court decision on abortion rights goes into effect....

23. Tax incentives for businesses looking to relocate to Cyprus

The Cypriot government on Tuesday approved a bill with tax incentives aiming to attract talent and promote headquartering in Cyprus, in line with the Strategy for Attracting Businesses for Activities and/or Expansion of their Activities in Cyprus approved by the Council of Ministers in October 2021....

24. EU states divided over Russian oil sanctions

The European Union was preparing sanctions on Russian oil on Monday, with possible exemptions for wary countries, and warned that complying in full with Moscow's proposed scheme to receive gas payments in roubles would breach existing EU sanctions....

25. K. Treppides & Co Ltd: Cryptocurrency: The requirement of a firm to service the local market trading in cryptocurrency

26. Cypriot pilot who ditched lawyer goes after state

A Cypriot commercial pilot who single-handedly took his case to ECHR saying he was wrongfully dismissed more than two decades ago is now suing the Republic of Cyprus for unfair trial following a decision by the country’s Supreme Court to reopen appeal proceedings...

27. Cypriot sprinter sidelined by doping scandal

The world of Cyprus sports has been shaken up by a doping scandal. According to information, Cyprus track and field champion Ramona Papaioannou tested positive for anabolic steroids in 2021....

28. Unvaccinated Djokovic could skip French Open, Wimbledon

If forced to choose, Novak Djokovic said he would skip the French Open and Wimbledon, foregoing the chance to overtake Rafael Nadal’s record haul of 21 Grand Slams titles, rather than get vaccinated against COVID-19....

29. Djokovic heads for Belgrade after deportation from Australia

Novak Djokovic was headed home to Serbia on Monday after his deportation from Australia over its required COVID-19 vaccination ended the No. 1-ranked men’s tennis player’s hopes of defending his Australian Open title....

30. Djokovic facing deportation from Australia after losing court appeal

Novak Djokovic was set to be deported from Australia after a court on Sunday dismissed his appeal against the government's cancellation of his Australian visa on the grounds that his decision not to be vaccinated posed a risk to the country....