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1. Government surplus of €609.5 million for 2022

General Government preliminary fiscal results published by the Statistical Service of Cyprus on Tuesday indicate a surplus of €609.5 mn, equal to 2.3% of GDP, for the period of January-December 2022, compared to a deficit of €402.8 mn or 1.7% of GDP, that was recorded during the period of January-December 2021....

2. €651.4 million of government surplus recorded until September 2022

Cyprus' general government surplus rose to 651.4 million for the period of July-September 2022 compared with a surplus of €319.5 mn recorded in the respective period of last year, according to preliminary general government fiscal results....

3. Over half a billion euro in government surplus so far this year

Preliminary General Government fiscal results indicate a surplus of €556.4 mn for the period of January-October 2022, according to data prepared and published by the Statistical Service of Cyprus on Wednesday....

4. Payabl. Group CEO, Ugne Buraciene to present and host panel at Reflect Festival, Limassol

Reflect is the biggest tech and entrepreneurial festival in Cyprus and all of us here at payabl. are proud to be supporting this innovative event for the second consecutive year as a Gold Partner, a Knowledge Partner and an Exhibitor....

5. Tax returns from prior years being cleared quickly

The Tax Department is proceeding rapidly with the clearing of the Tax Declarations of companies and individuals from previous years with the aim of having all the declarations cleared by the summer of 2023, Tax Commissioner, Sotiris Markides, told CNA....

6. Myth-buster: IFRS 17 an accounting standard for insurance contracts

As the title attests, this short article aims at busting the myth which states that IFRS 17 – Insurance Contracts is only relevant for insurers or for companies regulated as insurance entities. ...

7. EY presents Cyprus Tax Facts 2022 guide

EY Cyprus is pleased to share the latest Cyprus Tax Facts guide – in English – which provides a straight-forward, holistic summary of the Cyprus tax system, based on current legislation and tax practices, in relation to the fiscal year 2022....

8. Consulco opens its Limassol office

Consulco the investment manager with offices in London, Dubai, Moscow and Nicosia established its newest office in Limassol. ...

9. 100 employees leave Bank of Cyprus on a voluntary retirement plan

Bank of Cyprus announces the successful completion of a small-scale targeted voluntary retirement plan....

10. London Credit Fund Q3 2021 Results Exceed its 4 % pa target return

Consulco announced that during Q3 2021, London Credit Fund achieved a dividend of £11.55 in per unit of its Class A shares, $10.84 per unit for its Class C shares and €10.57 per unit for its Class E shares....

11. Cyprus fiscal surplus at 4.3% of GDP

Cyprus general government surplus was at 4.3% of GDP in the first eight months of 2019, mainly due to the increase in social contributions and revenue from taxes, according to the preliminary General Government fiscal results for the period of January-August 2019 released Friday by the Statistical Service of Cyprus. ...

12. Cyprus Tax Webcast, July 2019

13. Online road tax renewals go live

The website for road tax renewal payments went live on Monday, with vehicle owners having until early March to pay for either three, six, nine, or twelve months...

14. Mandatory disclosure rules: the calm before the storm

It is a well-known fact that a storm is always preceded by a strange calm. This could be the perfect description of what is about to come, as a result of the latest changes adopted on May 25th of this year by the Council of the European Union...