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1. 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....

2. 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.''...

3. 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. ...

4. What independence?

Shivers of excitement and delight were sent through lovers of the military industry by the two Greek fighter jets that crossed the blue sky of Nicosia last Wednesday, October 1, on the occasion of the anniversary of Cypriot independence....

5. Cyprus set to break €8 billion in tax revenue in 2025

Cyprus is on track to rake in more than €8 billion in tax revenue this year, up from €7.4 billion in 2024, a milestone that underscores the Tax Department’s push for better compliance and modernization....

6. Cyprus’ brain gain: Hundreds of expats eye a return home

Cyprus’ new push to bring home skilled professionals living abroad is already showing strong results. Within just two weeks of launching, the Minds in Cyprus platform drew more than 300 registrations from Cypriots working in 23 different countries....

7. BOC reports €235M in profits, but what does that actually mean for the rest of us?

8. Audit Office warns of €3.1 billion in delayed tax revenues, warns of non-collection risk

The Audit Office has raised concerns over €3.1 billion in delayed tax revenues owed to the state, warning that around €1.4 billion may never be collected....

9. Protesters greet Trump’s Scotland visit with signs, chants and criticism

President Donald Trump was met with protests across Scotland this weekend as he arrived for a private golfing trip tied to his late mother’s heritage....

10. Tax Department announces reopening of Tax For All System on July 21

The Tax Department announced Friday that the Tax For All system will reopen on July 21, 2025....

11. Reducing the cost of living through digital solutions

Life is becoming increasingly difficult for households today. The gap between those who are financially comfortable and those struggling to make ends meet on their wages has widened significantly. ...

12. Former director of Pattihio Theatre sentenced to 5.5 years for misappropriating €234,550

The Limassol Criminal Court has sentenced the former director of the Pattihio Municipal Theatre to 5.5 years in prison for theft by an employee and money laundering....

13. Chamber of Commerce pushes for overhaul of tax bill to attract global Cypriot talent

The Cyprus Chamber of Commerce and Industry (KEBE) is calling for key revisions and broader strategic planning in the government’s “Minds in Cyprus” tax bill, aimed at attracting talent from the Cypriot diaspora....

14. No place like home as Israelis flee uncertainty, sail back from Cyprus

More than 1,600 Israeli nationals boarded the Crown Iris cruise ship from the port of Limassol on Thursday in a large-scale repatriation effort aimed at getting citizens back home amid rising regional tensions....

15. They hung Annita out to dry

What can one say about highways, marinas, ports, and other major projects that either never finish or, when they do, cost multiples and are riddled with unbelievable delays that are never properly accounted for?...

16. Say it isn’t so: The Trump–Elon bromance blows up online

Say it isn’t so--Donald Trump and Elon Musk, the political-tech power couple that once couldn’t stop praising each other, have officially entered the ugly-breakup phase. And they’re doing it the 2025 way: firing missiles on their own social media platforms....

17. EY announces the appointment of 4 new partners in Cyprus

EY Cyprus is pleased to announce that its leadership team has been strengthened with the addition of four new partners:...

18. U.S. to EU: Drop your tariffs or face new trade war, Financial Times reports

In a stark escalation of trade tensions, the United States is pressing the European Union to drop tariffs on American goods without expecting the same in return or face a new wave of steep US duties, the Financial Times reports....

19. Christodoulides calls on Cypriots abroad to come home, ‘Cyprus needs your talent’

President Nikos Christodoulides has issued a heartfelt invitation to Cypriots living abroad: come home and help build the future of Cyprus....

20. i-Con 2025: Cyprus’ hottest tech and marketing event returns to Limassol

One of Cyprus’ most buzzed-about business events is back and bigger than ever. The Island Conference (i-Con) returns for its third edition on 29–30 May 2025, transforming the City of Dreams Mediterranean in Limassol into a hub of global innovation, marketing, and digital opportunity....

21. Cypriot MEP Fidias Panayiotou faces backlash over Moscow visit

Phidias Panagiotou, a Cypriot Member of the European Parliament (MEP), is facing potential consequences for his trip to Moscow to celebrate Russia’s Victory Day, alongside a small group of European lawmakers, during the ongoing Russian invasion of Ukraine....

22. New 15% tax hits Hellenic and other banks

Hellenic Bank has just become the poster child for how Cyprus’ new 15% minimum tax law is starting to shake up the financial sector — and it’s not just about tax bills....

23. Cyprus taken to EU court (again) over dangerous, unfinished landfills

The European Commission has decided to drag Cyprus back to the European Court of Justice, this time over a long-standing failure to clean up two problematic landfills that have been sitting idle but unsafe for years....

24. Christodoulides to woo Cypriot talent abroad at London ‘Brain Gain’ event

President Nikos Christodoulides is inviting Cypriots living in the UK to a special event in London on Wednesday, May 21, as part of the government’s "Brain Gain" initiative....

25. 50% of recyclables in Koshi are landfilled

50% of recyclable products sent to Koshi are being landfilled in the cell at the factory there, while recyclables from Limassol and Paphos, at least in recent months, are being exported abroad for management....

26. Man's time runs out at Larnaca Airport over undeclared luxury watches

A passenger arriving from Switzerland was forced to pay more than €29,000 at Larnaca Airport after customs officers found two undeclared luxury watches valued at over €100,000 in his luggage....

27. From brain drain to brain gain: Cyprus rolls out incentives to bring talent home

The Cypriot government has approved a plan to offer tax breaks to citizens working abroad in a bid to reverse the country’s “brain drain,” a government spokesperson said Wednesday....

28. Cyprus means business: Christodoulides wraps up high-stakes U.S. investment tour

Cyprus Means Business: Christodoulides Wraps Up High-Stakes U.S. Investment Tour Subtitle: ...

29. Consulco’s London Credit Fund Launches Compartment C:

Consulco is delighted to announce the launch of Investment Compartment C, the newest sub-fund of the London Credit Fund. ...

30. ''Brain Gain'' as Cypriots return to growing opportunities

The door has opened. There’s a flow of talent heading to Cyprus, driven by the country’s growing need for skilled workers, especially in technology and ICT. ...