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12° Nicosia,
22 July, 2024
 

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Displaying results 1-30 of 206 matches for query taxes.

1. ECB concerned over Cypriot bank profit tax proposal

https://knews.kathimerini.com.cy/en/news/ecb-concerned-over-cypriot-bank-profit-tax-proposal

In 2023, Cypriot banks reported unprecedented profits, marking a 15-year high, with projections suggesting even greater earnings in 2024....

2. Banks contribute over €854M in taxes amid controversy over proposed levy

https://knews.kathimerini.com.cy/en/news/banks-contribute-over-€854m-in-taxes-amid-controversy-over-proposed-levy

In the last seven years (2017-2023), Cypriot banks have collectively paid more than €854 million in income tax, special taxes, and VAT, according to a report by Panayiotis Rouglas in last Sunday's Kathimerini....

3. Cyprus cancels Russian billionaires' passports from Christofias era

https://knews.kathimerini.com.cy/en/news/cyprus-cancels-russian-billionaires-passports-from-christofias-era

Cyprus has revoked the citizenship of two high-profile Russian oligarchs who were naturalized during the presidency of Demetris Christofias. ...

4. Cyprus achieves €600 million fiscal surplus in Q1 2024

https://knews.kathimerini.com.cy/en/news/cyprus-achieves-€600-million-fiscal-surplus-in-q1-2024

Cyprus generated a fiscal surplus close to €600 million in the first quarter of 2024, marking an increase of 58% year on year, driven by the rise in state revenue which exceeded the rise in spending....

5. CBC chief warns: Tax on big profits could hurt economy

https://knews.kathimerini.com.cy/en/business/cbc-chief-warns-tax-on-big-profits-could-hurt-economy

The new Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, expressed opposition to a windfall profits tax, which is a tax imposed by governments on companies that have experienced unexpectedly large profits,...

6. Cyprus wins IMF praise for strong recovery

https://knews.kathimerini.com.cy/en/news/cyprus-wins-imf-praise-for-strong-recovery

The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......

7. EU warns Cyprus on 15% business tax compliance

https://knews.kathimerini.com.cy/en/news/eu-warns-cyprus-on-15-business-tax-compliance

The European Commission has warned Cyprus and several other countries to step up their game on important new tax and data rules. Cyprus, along with Spain, Latvia, Lithuania, Poland, and Portugal, is under pressure to enforce a minimum 15% tax rate for big multinational companies, a key part of the EU’s efforts to ensure fair taxation....

8. Cyprus owes the UK over £1.4M in London congestion charges

https://knews.kathimerini.com.cy/en/news/cyprus-owes-the-uk-over-£1-4m-in-london-congestion-charges

Transport for London (TfL), the authority managing the British capital’s transportation system, has published an updated list of foreign embassies that have refused to pay the Congestion Charge, a fee imposed since 2003 on vehicles entering the city center....

9. Half of Cypriots find starting a business easy, survey shows

https://knews.kathimerini.com.cy/en/news/half-of-cypriots-find-starting-a-business-easy-survey-shows

Half of Cypriots consider starting a business easy, and more than half believe they possess the necessary skills for successful entrepreneurship, according to the 'Global Entrepreneurship Monitor' (GEM) survey results presented at the University of Cyprus on Friday....

10. Bank of Cyprus earns €133 million in profits

https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-earns-€133-million-in-profits

The Bank of Cyprus has announced a robust profit of EUR 133 million for the first quarter of 2024, marking a significant increase from EUR 95 million in the same period last year....

11. European airfares hit 20-30% increase from 2019 to 2023

https://knews.kathimerini.com.cy/en/news/european-airfares-hit-20-30-increase-from-2019-to-2023

Throughout the summer of 2023, air travel across Europe witnessed a significant uptick in prices, with fares soaring 20 to 30% higher compared to pre-pandemic levels in 2019, according to recent data from E data.E. released in October....

12. Macron declares ''Europe is mortal,'' calls for unity

https://knews.kathimerini.com.cy/en/news/macron-declares-europe-is-mortal-calls-for-unity

The 27-country bloc needs to urgently rethink its defence and economic models to not fall behind its rivals, the French leader said. ...

13. Cyprus ends 2023 with €918.7 million fiscal surplus

https://knews.kathimerini.com.cy/en/news/cyprus-ends-2023-with-€918-7-million-fiscal-surplus

Cyprus's financial report card for 2023 is in, and it's showing some positive signs. According to the Statistical Service of Cyprus, the country ended the year with a fiscal surplus of €918.7 million. That's like having extra money left over after paying all the bills....

14. Cyprus' public debt declines, economic outlook brightens

https://knews.kathimerini.com.cy/en/news/cyprus-public-debt-declines-economic-outlook-brightens

According to a report by Panayiotis Rougalas, Cyprus is seeing a promising reduction in its public debt, with figures suggesting a return to 2019 levels....

15. Will Fredriksen Group set sail for Cyprus?

https://knews.kathimerini.com.cy/en/business/will-fredriksen-group-set-sail-for-cyprus

The Fredriksen Group, led by prominent shipping magnate John Fredriksen, is contemplating relocating a significant portion, if not all, of its shipping operations from Norway to Cyprus, citing dissatisfaction with Norway's framework conditions....

16. Audit exposes serious issues in collecting unpaid taxes in Cyprus

https://knews.kathimerini.com.cy/en/news/audit-exposes-serious-issues-in-collecting-unpaid-taxes-in-cyprus

An audit report from the Tax Department for 2022 has uncovered a staggering accumulation of over €2.5 billion in arrears, with €1 billion considered unsecure due to delays in necessary measures, the Audit Service revealed....

17. Employers call for tax reform to spur economic growth

https://knews.kathimerini.com.cy/en/business/employers-call-for-tax-reform-to-spur-economic-growth

Employers are advocating for a comprehensive overhaul of the tax system, proposing significant changes aimed at boosting economic activity and competitiveness. Here's a breakdown of their proposals:...

18. Tougher regulations loom for tobacco heat sticks in Europe

https://knews.kathimerini.com.cy/en/news/tougher-regulations-loom-for-tobacco-heat-sticks-in-europe

European governments are weighing the introduction of tougher rules on cigarette makers’ new zero-tobacco heat sticks, moving to close the loopholes they were designed to exploit just months after their launch. ...

19. Netherlands makes history as the first country to wipe out stray dogs

https://knews.kathimerini.com.cy/en/news/netherlands-makes-history-as-the-first-country-to-wipe-out-stray-dogs

In a landmark achievement, the Netherlands has become the world's first country to eradicate the issue of stray dogs, setting a global benchmark in animal welfare practices. ...

20. Lawmakers slam green taxation plans as ''stupid'' and ''immoral''

https://knews.kathimerini.com.cy/en/news/lawmakers-slam-green-taxation-plans-as-stupid-and-immoral

DISY MP Kyriakos Hatzigiannis and Ecologists MP Stavros Papadouris sharply criticized the government's green taxation plans in interviews with ''SPOR FM 95.0'' and ''DIASPORA News.''...

21. Finance Ministry to shield vulnerable homes from price hikes

https://knews.kathimerini.com.cy/en/news/finance-ministry-to-shield-vulnerable-homes-from-price-hikes

The forthcoming measures are set to target specific areas, not just spread thinly across the board, in the fight against rising prices....

22. Cyprus grapples with €80 million surge in state budget deficit for 2023

https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-€80-million-surge-in-state-budget-deficit-for-2023

The state budget deficit for 2023 increased by €80 million compared to the deficit recorded in 2022, according to the Fiscal Report of the Republic of Cyprus for 2023, submitted to the House of Representatives....

23. Archbishop Georgios in ''K'': The scandal rocking the Church of Cyprus

https://knews.kathimerini.com.cy/en/news/archbishop-georgios-in-k-the-scandal-rocking-the-church-of-cyprus

In an interview with ''K,'' Archbishop George assures that efforts are being made to fully clarify the case of the Monastery of Saint Avvakum, which is causing turmoil within the Church. ...

24. Hotel industry faces backlash over residence fees

https://knews.kathimerini.com.cy/en/news/hotel-industry-faces-backlash-over-residence-fees

The inclusion of a residence tax within the framework of the green tax reform, affecting hotels, tourist accommodations, and Airbnb, is expected to trigger reactions within the hotel industry....

25. State collects €90 million in taxes from casinos

https://knews.kathimerini.com.cy/en/business/state-collects-€90-million-in-taxes-from-casino

The state has seen a boost in tax revenue since the summer of 2018 when the temporary casino debuted in Limassol. The trend continues with the current operation of the resort and satellite locations in the provinces....

26. Pillar two readiness and technology

https://knews.kathimerini.com.cy/en/business/pillar-two-readiness-and-technology

As per our previous publications and alerts, we had the opportunity to communicate a significant development - the introduction of BEPS 2.0 Pillar Two or Global Minimum Tax. The European Union unanimously adopted a directive in December 2022 (the ''Minimum Tax Directive''). ...

27. Greece to bring in 40,000 workers from six countries

https://knews.kathimerini.com.cy/en/business/greece-to-bring-in-40-000-workers-from-six-countries

Prime Minister Kyriakos Mitsotakis announced on Thursday that Greece is on the cusp of a migration agreement with India to bring in unskilled and skilled workers to the country to be employed in the agricultural, construction and tourism sectors....

28. EY seminar explores green tax impact on businesses

https://knews.kathimerini.com.cy/en/business/ey-seminar-explores-green-tax-impact-on-businesses

EY Cyprus Academy of Learning and Development Organized a Seminar on Sustainability and Green Taxes Affecting Business – As – Usual: The EU Role of Cyprus. ...

29. Cyprus development expenditure: 2023 surpasses €1B

https://knews.kathimerini.com.cy/en/news/cyprus-development-expenditure-2023-surpasses-€1b

The realization of state budget development expenditure in 2023 reached 72% compared to 70% in 2022 and the average of 69% over the last decade, according to a Treasury report released on Wednesday....

30. Farmers rev up tractors in protest against EU agricultural policies

https://knews.kathimerini.com.cy/en/news/farmers-rev-up-tractors-in-protest-against-eu-agricultural-policies

In the third such demonstration within eight months, Cypriot farmers steered their tractors through city streets, protesting against what they perceive as the European Union's misguided policies in the common agricultural policy....

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