https://knews.kathimerini.com.cy/en/business/1-unmasking-tax-evasion-on-greek-islands
New technologies, as well as citizens, are bringing cases of major tax evasion to the surface....
https://knews.kathimerini.com.cy/en/news/mps-move-forward-with-divestment-changes
MPs are displaying a resolute determination to press ahead with crucial changes to the divestment framework before the parliamentary summer recess....
https://knews.kathimerini.com.cy/en/news/cabinet-approves-tax-deductions-for-businesses-and-extends-tax-payment-deadline
The Cabinet approved several important measures on Wednesday, including a bill on tax rebates for businesses for energy upgrades, an extension of the tax payment deadline, and a suspension of the obligation to file tax returns for individuals with a taxable income below €19,500....
https://knews.kathimerini.com.cy/en/news/king-charles-the-properties-he-is-forbidden-to-sell
King Charles inherited $500 million in assets after the death of Queen Elizabeth, but that's only part of his fortune....
https://knews.kathimerini.com.cy/en/business/taxapp-cy-the-easy-way-to-submit-a-tax-return
With TaxApp, taxpayers can easily and quickly submit their tax returns while ensuring correct submission.
...
https://knews.kathimerini.com.cy/en/business/ey-report-governments-need-new-ways-of-working-to-seize-digital-opportunities
Governments around the world are at risk of failing citizens through lack of digitalization, according to EY research presented in a new report: “How can government workers and technology align to serve future citizens?”. ...
https://knews.kathimerini.com.cy/en/news/newly-appointed-presidential-advisors-to-work-pro-bono
President Nikos Christodoulidis has appointed two new special advisors to his team to help with economic affairs and crisis management, respectively....
https://knews.kathimerini.com.cy/en/news/tax-evaders-beware-of-what-you-post-on-social-media
According to a report in the Sunday edition of realnews.gr, the Greek Government plans to identify hidden income earned by individuals and companies that conduct business online. ...
https://knews.kathimerini.com.cy/en/news/tax-department-€70-million-in-taxes-refunded-€200-million-to-be-collected
An intensive effort by the Tax Department in recent months has resulted in a refund of over €70 million in excess taxes, with an additional €200 million expected to be collected, according to Tax Inspector Sotiris Markides. He emphasized that the Department aims to clear all outstanding Company and Individual Returns by the end of 2023....
https://knews.kathimerini.com.cy/en/comment/opinion/bad-luck-can-t-always-be-held-responsible
“It was an unfortunate moment,” the stationmaster in the deadly train crash is said to have claimed. How many times has the inadequacy and failure of the broader Greek state mechanism been hidden behind such phrases? Sometimes it is blamed on “bad luck,” at others, it is dismissed with “That’s Greece.”...
https://knews.kathimerini.com.cy/en/news/rishi-sunak-gets-tough-on-irregular-immigration
Prime minister Rishi Sunak will introduce new laws this week barring anyone arriving in the UK by small boats across the English Channel from claiming asylum....
https://knews.kathimerini.com.cy/en/business/the-expansion-of-the-digital-economy-and-the-upcoming-exchange-of-information-and-tax-transparency-regimes
The exchange of information has been widely considered as a one of the most effective measures in tackling tax evasion and protecting the integrity of tax systems. ...
https://knews.kathimerini.com.cy/en/news/cyprus-helps-uncover-vat-carousel-fraud
Cypriot authorities swung into action after an investigation of fraudulent activity in Portugal was expanded through the European Public Prosecutor’s Office, with several companies on the island reportedly linked to a scheme that cost Lisbon tens of millions in tax revenue...
https://knews.kathimerini.com.cy/en/news/government-owed-€16-2m-from-ineligible-first-time-home-buyers
More than 270 people who benefited from the reduced rate of 5% VAT for first-time home buyers, have been found to be ineligible, following checks carried out throughout Cyprus by the Tax Department, and should be charged 19% VAT, totaling €16.2 million announced on Wednesday the Minister of Finance, Constantinos Petrides, after the Council of Ministers. He also announced on-site checks on other categories of taxpayers and types of taxes....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/russia-says-no-to-oil-price-caps-warns-of-cut-off
The Kremlin said on Friday that Russia would stop selling oil to countries that impose price caps on Russia's energy resources - caps that Moscow said would lead to significant destabilization of the global oil market....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-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." ...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/eu-to-make-solar-panels-mandatory-on-all-new-buildings
Solar panels could soon be mandatory on all new buildings in the European Union under a new proposal aimed at rapidly replacing its reliance on Russian oil and gas supplies with renewable energy....
https://knews.kathimerini.com.cy/en/business/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?...
https://knews.kathimerini.com.cy/en/news/cyprus-president-nixes-luxury-car-use-for-top-civil-servants
Cyprus’ president has scrapped plans to grant free-of-charge, around-the-clock use of state-financed luxury vehicles to top civil servants amid a public outcry over a perceived waste of taxpayers’ money, a government spokesman said Monday....
https://knews.kathimerini.com.cy/en/business/greece-tax-payment-via-foreign-cards-with-or-without-physical-presence
Greeks and foreigners will finally get the chance to pay their taxes, duties and levies in Greece using cards issued abroad....
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/comment/opinion/we-will-defeat-our-shared-pandemic-enemy-and-rise-stronger-in-its-wake
The story of U.S. leadership in the global battle against Covid-19 is a story of days, months, and decades. Every day, new U.S. technical and material assistance arrives in hospitals and labs around the world. These efforts, in turn, build on a decades-long foundation of American expertise, generosity, and planning that is unmatched in history....
https://knews.kathimerini.com.cy/en/news/cooperation-and-transparency-needed-to-fight-covid-19
In today’s age of social media, it has unfortunately become normal to see false information reach a broad audience instantaneously through the Interne...
https://knews.kathimerini.com.cy/en/news/thomas-cook-crash-is-dry-run-for-brexit-failures
Social historians will mourn the demise of the world’s oldest travel company, founded by a Baptist carpenter in northern England in 1841; their corporate counterparts will not. With more than 500 high street outlets, Thomas Cook demonstrated a stunning inability to adapt to changing travel habits. The rise of budget airlines and disruptors like Airbnb combined with the weak pound and the unusually hot summer of 2018 to kill off the company which had suffered a near-death experience in 2011.
...
https://knews.kathimerini.com.cy/en/business/the-cypriot-company-that-feeds-the-world-with-coal
Carbo One Ltd is one of the biggest players in the world coal market with an almost 20 year experience, circulating more than 75 million tons of the good...
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-income-tax-law-amendments
The House of Representatives voted on 5 April 2019, a series of provisions amending the Income Tax Law which were published in the Official Gazette of the Republic on 25 April 2019...
https://knews.kathimerini.com.cy/en/business/cyprus-in-the-new-international-tax-reality
In the years 2019-2020, Cyprus will transpose into its national law the provisions of the EU Anti Avoidance Directive, with three measures of the Directive being effective from 1st of January 2019...
