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61. More than €1.5 million in cash seized from Kaili - Panzeri

More than €1.5 million in cash was seized from the homes of Eva Kaili and former MEP Pierre Antonio Panzeri in Brussels, according to Belgian police....

62. FT: Former PWC Cyprus accountants take on company's Russian clients

A group of PwC partners has launched a breakaway firm in Cyprus to take on work from Russia-linked clients that the Big Four accountants will no longer touch....

63. 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....

64. IMF predicts a return to fiscal surpluses for Cyprus following the pandemic

Cyprus’ public finances will return to surpluses in 2023 which will continue until 2027, the IMF said in its Fiscal Monitor 2022 issued on Wednesday....

65. Nouris: EU should sanction countries that instrumentalize migration

The EU should have concrete sanctions in place when there is proof that migrants are being instrumentalized, as in the case of Cyprus, Interior Minister Nicos Nouris said....

66. Greek government uses citizens to report tax evaders

The Independent Authority for Public Revenue (AADE) is about to launch a new smartphone app in the coming days whereby citizens will be able to check whether the receipts they received are genuine....

67. Bank of Cyprus announces €50m net profit in first half of 2022

Bank of Cyprus announced a profit after tax amounting to €50 million for the first half of 2022, setting its sights on dividend distribution in 2023, for the first time since 2011, depending on market conditions and regulatory approvals....

68. Irregular immigration, the responsibilities of Turkey and the EU

"Turkey will take all necessary measures to prevent the opening of new sea or land routes of irregular migration from Turkey to the EU and will cooperate in this regard with neighboring countries as well as the EU." ...

69. North plays catch-up with illicit cash

Turkish Cypriot authorities have their hands full as they investigate large sums of money being laundered in Cyprus, with cases ranging from probing courier operations south of the divided island’s UN buffer zone to media speculating on the scope of rampant tax evasion in the north...

70. Cypriot minister lashes out at ‘populist’ lawmakers

Cypriot Finance Minister Constantinos Petrides lashed out at lawmakers on Tuesday warning against “dangerous and unrestrained populism” after members snubbed a presidential veto on three crucial pieces of legislation...

71. Tax filing deadline extended by one month

The Council of Ministers today announced the extension of the deadline to file personal income taxes from July 31st to August 31st, 2022. according to the announcement by Finance Minister Konstantinos Petridis....

72. 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....

73. Sri Lankan president flees country amid devastating economic crisis

Sri Lankan President Gotabaya Rajapaksa fled the country on Wednesday and hundreds of protesters stormed the prime minister's office demanding his ouster, as a people's uprising over a devastating economic crisis overwhelmed security forces....

74. Bank of Cyprus offering voluntary retirement plans for up to 600 employees

The Bank of Cyprus is offering a Voluntary Retirement Plan to 500 - 600 employees of its employees in the hopes that it can reduce its number of employees in order to maintain profitability. ...

75. Bank of Cyprus posts net profit of €21 million in Q1

Bank of Cyprus group announced on Thursday a net profit of €21 million for the first quarter of 2022, compared to net profit of €8 million in the first quarter of 2021....

76. K. Treppides & Co Ltd: Digitalization of the Global Tax Administration

In the era of the coronavirus pandemic, the digital revolution, and the ever-evolving globalization, the digitalization of the tax administration seems to be a one-way route. But what exactly is the digitalization of the tax administration and how this will affect the tax function around the globe?...

77. Lagarde: Cyprus will be affected by inflation and rising energy costs

Cyprus will be affected by inflationary pressures and higher energy costs due to its dependence on oil imports for electricity generation, according to European Central Bank President Christine Lagarde....

78. Overcoming talent crunch and supply chain upheaval among biggest success indicators for tech in 2022

Increased volatility rising out of the evolving COVID-19 pandemic has led to a reshuffling of priorities for the global technology industry....

79. Pandemic to ‘spell end of tax privileges for billionaires’

Thomas Piketty is one of the most famous economists in the world. His weighty tomes on inequality and its dangerous consequences for global capitalism have been widely praised by other stars of the dismal science, like Paul Krugman and Robert Solow. ...

80. Quebec to impose tax on those who refuse COVID-19 vaccinations

Quebec will impose a tax on those who aren’t vaccinated against COVID-19 to offset their disproportionate cost to the health care system and encourage more people to get their shots....

81. Man accuses police director in ‘dignity’ incident

A taxi employee in Limassol is accusing the local police director and other officers of roughing him up during arrest, following a parking incident that was escalated outside the cab service...

82. Cabbies want no politics in pumping gas north

Taxi drivers in the Republic of Cyprus went on strike Tuesday to air their grievances against customs officials who allegedly have been threatening cabbies to have their vehicles confiscated if they filled up in the north...

83. The City of London Is Hiding the World’s Stolen Money

In 1969, two years after the Cayman Islands, a British territory, passed its first law to allow secretive offshore trusts, an official government report struck an ominous note....

84. EY presents the 17th CFO Management Forum and the CFO Awards 2021

EY has proudly sponsored the 17th CFO Management Forum and 5th CFO Awards, which were held on Tuesday, September 28th at the Nicosia Hilton....

85. More than 330 current and former politicians identified as beneficiaries of secret accounts

A huge leak of financial documents published by several major news outlets on Sunday reportedly linked world leaders to secret wealth stockpiles, including King Abdullah of Jordan, Czech Prime Minister Andrzej Bremen and Prime Minister Andrei Bredo....

86. Global CEO confidence returns to pre-pandemic levels

CEOs of the world’s largest businesses are increasingly optimistic about the outlook for their own business and despite the Delta variant slowing down the ‘return to normal’, their confidence in the global economy has returned to levels not seen since the start of the pandemic....

87. Chaos as Biden defends withdrawal

Thousands of people desperate to flee Afghanistan thronged Kabul's airport on Monday after the Taliban seized the capital, prompting the United States to pause evacuations, as President Joe Biden confronted mounting criticism over the US withdrawal...

88. Cyprus readies gratitude gift bag for vaccinated

New measures to reward vaccinated citizens in the Republic of Cyprus are to be decided in a Cabinet meeting on Friday following a sevenfold increase in daily COVID cases, with the government seeking ways to punish those who refuse to get the jab...

89. 2021 KPMG CEO Outlook Pulse Survey

90. EY Academy of Learning & Development introduces a new Web-Based Learning initiative

EY Cyprus is proud to announce the launch of a new Web-Based Learning (WBL) initiative, an expansion of the offerings of the EY Academy of Learning and Development...