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''). ...
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....
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.
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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....
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....
https://knews.kathimerini.com.cy/en/news/government-to-receive-€1-2b-for-green-transition-and-resilience-plan
Cyprus is set to receive a total of 1.2 billion euros from the Recovery and Resilience Plan (RRP). ...
https://knews.kathimerini.com.cy/en/news/cypriot-farmers-protests-send-ripples-across-europe
The surge of farmers' fury has reverberated in a manner unprecedented for Brussels, the nerve center of European decision-making....
https://knews.kathimerini.com.cy/en/news/farmers-protest-outside-european-parliament-over-taxes-and-imports
In a fervent display of frustration, angry farmers ignited fires outside the European Parliament building in Brussels today, venting their grievances against taxes, escalating costs, and the influx of cheap imports....
https://knews.kathimerini.com.cy/en/business/businesses-fear-global-tax-reform-will-lead-to-double-taxation
Global tax reform, ineffective use of technology and economic uncertainty are putting significant strain on business’ transfer pricing (TP) capabilities, according to the 2024 EY International Tax and Transfer Pricing Survey....
https://knews.kathimerini.com.cy/en/business/ey-cyprus-releases-the-cyprus-tax-facts-guide-2024
EY Cyprus is delighted to announce the release of the latest edition of the Cyprus Tax Facts guide for the year 2024....
https://knews.kathimerini.com.cy/en/news/greece-rolls-out-climate-resilience-levy-to-fund-post-disaster-reconstruction
In an effort to finance reconstruction projects following severe forest fires and floods, the Greek government has introduced a new accommodation tax, referred to as the 'climate resilience levy.'...
https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-targets-green-initiatives-and-economic-revitalization
By March 2024, the initial six phases of the tax transformation project commissioned by the Ministry of Finance to the Centre for Economic Research of the University of Cyprus will conclude,...
https://knews.kathimerini.com.cy/en/news/hunter-biden-indicted-on-tax-charges-amid-intensifying-legal-woes
Hunter Biden, the son of President Joe Biden, faces new legal challenges as he was indicted on Thursday on nine tax charges in California. The charges, comprising three felonies and six misdemeanors, are in addition to federal firearms charges in Delaware....
https://knews.kathimerini.com.cy/en/business/france-s-controversial-anti-smoking-campaign-sparks-debate
France is set to intensify its battle against smoking, with Health Minister Aurelien Rousseau announcing a comprehensive anti-smoking program....
https://knews.kathimerini.com.cy/en/business/dac6-revisited-through-the-prism-of-dac8
The Directive on Administration Cooperation (''DAC'') has been amended multiple times since 2011 to allow for the automatic exchange of information across multiple fields of taxation....
https://knews.kathimerini.com.cy/en/news/shakira-s-€14-5m-showdown-ends-with-a-€7m-encore
Pop star Shakira has gracefully sidestepped a €14.5 million tax trial in Spain, sealing a last-minute deal with authorities just as proceedings were set to commence....
https://knews.kathimerini.com.cy/en/news/pocket-drain-or-green-gain-denmark-s-tricky-tax-call
Airports Council International Europe has issued a cautionary note to the Danish Government, discouraging the introduction of a passenger tax averaging 100 Danish krone or $14 (€13.41) on air travel....
https://knews.kathimerini.com.cy/en/comment/opinion/create-a-superministry-to-reduce-bureaucracy
In Cyprus, the proliferation of committees, excessive bureaucracy, and overlapping responsibilities of high-ranking officials have reached unprecedented levels, especially when problems are on the rise....
https://knews.kathimerini.com.cy/en/news/guardian-russian-money-flows-without-questions-in-the-occupied-territories
In the Turkish-occupied northern Cyprus, an influx of Russian speakers, particularly from the former Soviet Union, has turned the area into a real estate hotspot. ...
https://knews.kathimerini.com.cy/en/comment/opinion/traffic-woes-make-nicosia-s-core-the-key-to-urban-transformation
Traffic is one of the most pressing issues that need resolution. While all cities face similar problems, Nicosia leads the pack. Focusing on Nicosia, the state's main effort is concentrated on developing the regional road network—an effort I not only agree with but advocate for intensifying. ...
https://knews.kathimerini.com.cy/en/news/which-european-country-bears-the-brunt-of-energy-costs
The pre-tax prices of electricity and natural gas soared after Russia's full-scale invasion of Ukraine, but they're now on the decline. Although slightly higher than the second half of 2022, the final prices for customers, including taxes, reached their peak in the first half of 2023....
https://knews.kathimerini.com.cy/en/news/cyprus-passport-ranks-21st-worldwide-thanks-to-its-perks-and-power
Cyprus's passport is currently the 21st most powerful globally, with a total score of 104.00. This ranking considers not only travel opportunities but also taxation, global reputation, dual citizenship policies, and personal freedom....
https://knews.kathimerini.com.cy/en/news/cyprus-delays-green-tax-implementation-to-early-2024
"It's paranoid that, at a time when there is accuracy and an increase in fuel prices, the government is implementing measures to combat price increases, and additional taxes are being introduced," stated Finance Minister Makis Keravnos during the discussion of the 2024 budget in Parliament....
https://knews.kathimerini.com.cy/en/news/tax-audits-expose-unexplained-remittances
Remittances abroad that are not justified by incomes declared in tax statements, problematic parental concessions or donations to children with sums of money directly “from the mattress,” and undeclared earnings were detected by the tax inspection centers in the audits they carried out in the first seven months of the year.
...
https://knews.kathimerini.com.cy/en/business/ey-cyprus-organised-an-event-on-the-implementation-and-implications-of-the-european-corporate-sustainability-reporting-directive-csrd
EY Cyprus has organized an event to present the challenges that many Cypriot companies will face in implementing the European Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS). ...
https://knews.kathimerini.com.cy/en/news/targeted-fuel-and-heating-reductions-in-government-s-considerations
The Cyprus Electricity Authority has announced a 3% increase in electricity prices for upcoming bills. ...
https://knews.kathimerini.com.cy/en/news/singapore-drivers-hit-with-£88-000-bill-just-to-own-a-car
Drivers in Singapore now need to pay £88,000 for the right to own a car - and that doesn't include the cost of the vehicle itself....
https://knews.kathimerini.com.cy/en/comment/opinion/from-fines-to-fine-lines
The face of the honorable Minister of Transport, Alexis Vafeadi, conveyed a different message compared to his statements before the Parliament's Transportation Committee....
https://knews.kathimerini.com.cy/en/news/tax-return-deadline-extended-to-october-31
The Finance Ministry has announced an extension of the tax return submission deadline for the year 2022 until October 31, 2023, at 23:59. This extension comes after a proposal presented to the Council of Ministers....
https://knews.kathimerini.com.cy/en/news/akel-blasts-government-amid-rising-bank-profits
The political party AKEL has voiced its discontent with the government's handling of economic issues, particularly in light of the recent decision to raise interest rates for the tenth time....
